'Bleak reality' of living longer dawns on Britain's retirees - AXA Wealth

clock

People are ‘waking up' to the reality of living longer and the effect it might have on their retirement income, research suggests.

AXA Wealth's latest Big Money Index has revealed two-thirds of people (63%) say the government will not provide the majority of their retirement income. Many people are becoming increasingly aware of the need to begin planning for retirement earlier and the state pension will not be enough to fund retirement. AXA Wealth specialist products, managing director Nick Elphick says: "There is a real opportunity here for financial advisers to help their clients look at the wide range of assets they have available and how these could be used to support them in the future." The research hig...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Income

A refreshed conversation on retirement – the road to a rewarding later life

A refreshed conversation on retirement – the road to a rewarding later life

‘Retirement is not a once-and-done process’

Lorna Shah
clock 05 September 2025 • 4 min read
UK borrowing costs rise as gilt yields surge to near 27-year high

UK borrowing costs rise as gilt yields surge to near 27-year high

30-Year gilt yields rose to highs last seen in 1998 on Monday

Linus Uhlig
clock 19 August 2025 • 2 min read
M&G's opens fixed term annuity to UK retail market after soft launch

M&G's opens fixed term annuity to UK retail market after soft launch

Prudential Guaranteed Income Plan backed by £128bn With-Profits fund

Jenna Brown
clock 22 July 2025 • 1 min read