Pensioners 'likely' to run out of cash at 85

Increasing longevity means most people will now reach this age, and Lincoln says it is vital for retirees to receive professional advice to help them explore their income options. Lincoln's research found 41% of UK adults are likely to run out of retirement income by the time they reach 85. Furthermore, 11% do not think they will have enough savings to last them until they are 70, meaning they will have to rely on the state to pay for much of their retirement. Two thirds of British people expect to live to age 85, and Lincoln says improvements in life expectancy will push these number...