Apathetic rich retirees present challenge to IFAs

A survey of over-60s in Surrey conducted by the high net worth specialist found although nearly 90% own their homes outright, most are unconcerned about plummeting house prices and have little intention of revising their pension agreements. With increasing longevity leading to longer retirements, a rapidly rising cost of living, more options for ongoing care and increasingly fragmented families, Festa believes it is vital financial planning is regularly assessed. Although the majority of those surveyed have savings, investments and private pensions, most believe they have done their bit...