The final countdown: Advisers on Webb's life expectancy plan

Advisers on Webb’s life expectancy guidance plan

Jenna Towler
clock

Retirees will be given a projection of how long they are going to live as part of the government's guidance-for-all pledge. Jenna Towler gauges adviser reaction to the move…

The government intends to make life expectancy (or more candidly how long you have got left) a key point of its retirement guidance-for-all policy. Pensions minister Steve Webb said as people are "living a lot longer" it is essential they have the most up-to-date information. He said people often underestimate how long they are going to live and there is a danger savings will run out before they do. He added giving out more information on longevity would help people plan accordingly. This will form part of the government's pledge that every retiree will get face-to-face, free, imp...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

DB transfer advice slows since FCA's 2020 crackdown

DB transfer advice slows since FCA's 2020 crackdown

Many firms have stopped offering DB advice, regulator finds

Isabel Baxter
clock 30 January 2025 • 2 min read
SSAS and divorce: Everything advisers need to know

SSAS and divorce: Everything advisers need to know

'It's estimated that only 4% of divorces include a pension'

Caitlin Southall
clock 30 January 2025 • 5 min read
Reeves: Final phase one pensions review report to be published in Spring

Reeves: Final phase one pensions review report to be published in Spring

Chancellor confirms plans for pensions in Oxfordshire growth speech

Jonathan Stapleton
clock 29 January 2025 • 2 min read