Third of advisers say longevity planning is 'increasingly complex' - research

According to the research, which quizzed some 205 advisers, four-in-five (80%) said their clients underestimate how much they need to save in retirement, while more than half (56%) underestimate how long they are going to live for. When advisers tell clients they are underestimating their life expectancy, the survey found less than half (46%) listen and reconsider their financial planning and a quarter (22%) "think they know best." While three-quarters (77%) of advisers have clients who are concerned their pension savings are running out, the research found only one-in-10 (9%) regular...