Since my last blog on IFAonline, we at Life Trust have been working on producing a report that puts a figure on the cost of retirement in conjunction with the Centre for Economic and Business Research.
Many may have seen some of the headline findings on the news section of this site, with the report finding that the average household needed £413,000 to fund a retirement lasting from 65 to the average life expectancy. The research put a nice round figure on the cost of retirement for various groups and IFAs will appreciate that these figures might look daunting to the average member of the public, particularly when the impact of increasing longevity is factored in. Those in the top 20% for earnings could expect to spend £1.55m on their retirement should they live to 100, according to o...
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