International Longevity Centre

Response to 'Intergenerational Fairness' report

A report has called for a new category of advice for the mass market to help later life consumers "put their savings to use" and help drive economic growth.

A think tank has called on the government to buy parts of people's homes and deliver a guaranteed lifetime income in return, in a bid to bolster retirement income for low earners.

Access to professional advice is "crucial" for people planning their retirement, given the current state of the state pension and long-term care system, delegates heard.

The government has rejected amendments to the Care Bill that would require councils to refer people with long-term care needs to regulated independent financial advisers.

Governments must do more to reduce the long term cost of ageing on public finances, according to the International Longevity Centre UK (ILC-UK).

The issue of advising small pension pots is to be debated in the House of Lords on 27 November.

Pension policymakers have been urged to attend a summit to address how to avoid the Retail Distribution Review (RDR) creating an ‘advice gap' for the poorest pensioners.

We're all living longer and the government has taken notice. What does it mean for retirement planning? Fiona Murphy finds out