Dealing with the pensions time bomb

The astonishing rise in longevity is making the search for income for retirement even more important than it used to be. The statistics on UK life expectancy make both inspiring and concerning reading. Of the UK population of 62 million, there are 7.4 million people aged over 70, of which 14,000 are over 100. In 2060, out of a predicted UK population of 77 million there are expected to be no less than 19 million people over 70, and an astonishing one million centenarians. Such increases in longevity mean healthy individuals will spend much longer in retirement, even after future incre...