Roundtable Discussion: Understanding retirement

Clive, can you tell me about what you see as the key factors currently affecting the market? Clive Bolton: Firstly, the economic conditions have affected people's funds. But the volatility, particularly in the credit market, does mean that annuity rates are low and change rapidly. That makes for uncertainty when picking the time to retire. It is important to mention that actually, the standard model of retiring when you are 60 is now almost completely dead. We are also seeing an increasing issue with debt. Customers are now coming into their 60s - and even into their 70s - with sub...