The final countdown: Advisers on Webb's life expectancy plan

Advisers on Webb’s life expectancy guidance plan

Jenna Towler
clock

Retirees will be given a projection of how long they are going to live as part of the government's guidance-for-all pledge. Jenna Towler gauges adviser reaction to the move…

The government intends to make life expectancy (or more candidly how long you have got left) a key point of its retirement guidance-for-all policy. Pensions minister Steve Webb said as people are "living a lot longer" it is essential they have the most up-to-date information. He said people often underestimate how long they are going to live and there is a danger savings will run out before they do. He added giving out more information on longevity would help people plan accordingly. This will form part of the government's pledge that every retiree will get face-to-face, free, imp...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Boring Money and Wealth Wizards link to plug advice gap

Boring Money and Wealth Wizards link to plug advice gap

Strategic partnership to improve access to financial advice

Jenna Brown
clock 01 May 2024 • 2 min read
FCA tweaks rules ahead of pensions dashboard connection dates

FCA tweaks rules ahead of pensions dashboard connection dates

Firms will be COBS 19.11 compliant when they connect to CDA

Jasmine Urquhart
clock 01 May 2024 • 1 min read
Pensions campaigner and former WPC chair Frank Field dies aged 81

Pensions campaigner and former WPC chair Frank Field dies aged 81

Field was a former Work and Pensions Committee chair and a welfare champion

Professional Pensions
clock 24 April 2024 • 5 min read