Emma Byron explores why longevity calculators can provoke unexpected behaviour as people are confronted with their own mortality. Here she warns against providing educational tools from an industry ivory tower
The longer we live, the harder it is to plan a comfortable retirement. As medical innovation stretches the human lifespan to its limit, the financial services industry must rise to the challenge of continually adjusting to an ageing population. Retirement planning and communicating the importance of properly preparing for your future is at the forefront of meeting this challenge. Fortunately, the industry has been quick to respond. Life expectancy calculators, of which a number have been produced over the past several years, are an apt example of this innovation at work. Such calcu...
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