The ABC of VCTs

I am sure many of you are already aware that according to estimates from the Office of National Statistics, centenarians are the fastest-growing section of the population.  Of course, increased longevity is to be welcomed. But from a financial planning perspective, improving longevity poses a tricky question: how best to pay for an even longer period in retirement?  There are various alternatives in response to this challenge, with much of the debate focusing on ISAs and pension schemes. But here, I want to ­consider ­another tax efficient savings vehicle as part of potential pension ...