Neil MacGillivray: Schoolboy error

Funding the national insurance fund

clock • 3 min read

When the young Neil MacGillivray learnt in geography the future would see a lower proportion of workers to support an ageing population, he comforted himself the government at least had plenty of time to take action …

I loved geography as a subject at school. It was not just for the benefit of getting out of the classroom on field trips either - I found topics such as map-reading, how landscapes formed, plate tectonics and glaciation fascinating. I do, however, specifically remember one lesson on demographics that I found to be rather depressing. My teacher delivered the good news we were all going to live longer although the bad news was there would be more pressure on the likes of the health service and state pension. Of even more importance, there would be a lower proportion of people of working ag...

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 Retirement

Advisers warn market volatility will threaten retirement plans

Advisers warn market volatility will threaten retirement plans

More than half expect clients to postpone or change plans

Isabel Baxter
clock 26 March 2024 • 2 min read
Perfect timing: How to advise clients on the right time to retire

Perfect timing: How to advise clients on the right time to retire

Striking a balance between health, wealth and personality

Richard Hulbert
clock 05 February 2024 • 4 min read
Baillie Gifford: Enjoying later life without an income from work

Baillie Gifford: Enjoying later life without an income from work

The latest from PA’ Digital Working Lunch webinar series

Professional Adviser
clock 12 December 2023 • 2 min read