'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

Annuity rates reach 18-year high of 7.75% in July

Annuity rates reach 18-year high of 7.75% in July

Up from 7.66% in April

Sophia Panayi
clock 30 July 2026 • 2 min read
Enhanced annuities: Turning health realities into better retirement outcomes

Enhanced annuities: Turning health realities into better retirement outcomes

'Retirement planning is not about choosing one solution over another but finding the right balance between them'

Mike Batty
clock 20 July 2026 • 3 min read
Robust fact‑finding: Annuities are back but file quality must keep pace

Robust fact‑finding: Annuities are back but file quality must keep pace

'Good quality annuity files tend to have one thing in common: robust fact‑finding'

Shirley Owen
clock 16 July 2026 • 4 min read