Live long and prosper? Longevity risk and the role of advice

Most of the working population looks forward to the day they can retire, whether it's to finally take up that hobby they never had time for, travel the world or just to have a guilt-free lie in. One topic that most people understandably do not like to address is the very real concern they might outlive their assets. The average UK life expectancy continues to extend, and a typical pension scheme member is predicted to spend 25 years or more in retirement. Adequately maintaining living standards for these individuals over this lengthening time horizon requires higher retirement fundi...