Rising to the challenge

Life never stays the same. That's the exciting thing about it. The life experiences we are going through are not the same as our parents. In this modern world, we have more challenges to deal with - greater labour mobility, better health and, of course, longer expected lifespans. Only a generation ago, a person would retire at age 65 expecting only to live another ten years or so. Now, the life expectancy for a man aged 65 is around 84, and for a similarly aged woman around 87. So, as life changes, it makes sense that the financial products we devise also change. The traditional inflexi...