In video one of three, LV='s Ray Chinn discusses longevity.
Recent government stats predict that almost one in five people will live to see their 100th birthday.
While, this is something to celebrate it does raise important questions as to how people will fund their extra years.
The state pension age is increasing in response to these demographic trends but occupational and personal pension savings remain low.
It’s also worth pointing out that longer life expectancy does not necessarily equate to healthy life expectancy and so an increasing number of people will find themselves having to fund long term care.
It is often the case that retirees find themselves financially ill prepared to deal with these issues. Filling this funding gap presents advisers with a real challenge as they guide their clients through this complex area.
However, it is also an area where advisers can really prove their value by enabling clients to enjoy their longer lives in comfort. This event will take a look at the different options available to advisers and their clients.
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