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Rethinking retirement roundtable
1st June 2011
Jonathan Watts-Lay comments: People usually do not think through the impact of longevity. They do not think about how much income they will need for that period of time. Having to think about it is a relatively new phenomenon. As well as lacking the security of final salary schemes which many were members of in the past, the double whammy is this big rise in life expectancy. I remember the days when large companies could let staff retire at age 50, such as IBM for example – that was a fantastic period! But today people will need to work longer to achieve the standard of living they aspire to in retirement and they will have to save to achieve their aspirations just as someone in their twenties or thirties will aspire to buying a flat or a house.
Please see the ‘Rethinking Retirement’ PDF attached.
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