NEW company Life Trust launched this week offering as its first product the Longevity Income Plan, a vehicle specifically designed to deal with financial issues arising from increasing longevity.
The plan responds to the increase in life expectancy, which will see today's 40-year olds having to live on their savings and investments for 30 years or more, and the fact that in retirement people face...
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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£116.8m of benefits received by customers