The Association of British Insurers (ABI) has launched the first comprehensive review of the UK's retirement needs.
The review will cover people's financial needs and concerns about retirement, how effectively the current state and retirement income products cater for retirement needs, and what changes are needed to ensure adequate retirement incomes. Rising life expectancy means income is needed for longer. According to the ABI, the UK's population is getting older - nearly 11 million people in the UK are aged over 65. with this figure expected to rise by nearly 50% to over 16 million in the next 20 years. This brings increased pressure on the healthcare system and greater need to secure adequate ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
