Pension firms preparing for customers to live to 125 - Telegraph
Because of sluggish economic growth and record low interest rates many people now see the conventional approach to saving during their career and buying an annuity on retirement as "poor value", he warned.
"We need to find a way to encourage more people to save more for longer, at a time when the outlook for returns is uncertain at best. And at a time when many have high levels of personal debt or face the risk of unemployment," he said.
Surely a good reason to just spend it all?
Because of sluggish economic growth and record low interest rates many people now see the conventional approach to saving during their career and buying an annuity on retirement as "poor value", he warned.
"We need to find a way to encourage more people to save more for longer, at a time when the outlook for returns is uncertain at best. And at a time when many have high levels of personal debt or face the risk of unemployment," he said.
Surely a good reason to just spend it all?
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