Advising an ageing population: Designing drawdown strategies

'Safe' withdrawal rates?

clock • 8 min read

In the first of a three-part series on retirees living longer and the ramifications for advice, PA examines whether existing processes must change to better support people in drawdown as they age

Retirement is often described as life's longest holiday, and a recent forecast suggests it may last longer than many people might expect. According to research by the Office for National Statistics, published in January, the number of people living past age 85 is set to almost double in the next 25 years, rising from 1.7 million in 2020 to 3.1 million by 2045. While retirement is seen as a period to look forward to - many crave being afforded the luxury to do as they please - this is often contingent on having sufficient financial resources. In most cases, an individual's core objective ...

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