Retirees to be told life expectancy as part of Budget 'guidance'
Retirees receiving financial 'guidance' via the government's 'right-to-advice' promise outlined at Budget 2014 will also be told how long they are likely to live to help inform their decision about what to do with their retirement savings, Steve Webb has said.
Those approaching retirement have little idea about their life expectancy, Webb told Sky News. Webb said the guidance would be given face-to-face by savings 'advisers' to those who request it. As...
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