Longevity and low returns threat to 'unprepared' over-50s - research

Despite being ‘prudent, waste-not-want-not generation’

Victoria McKeever
clock • 2 min read

Longevity and a decade of low interest rates are proving dangerous for those unprepared and approaching retirement, according to joint research by the London Institute of Banking & Finance and 7IM.

The research found that while older Britons were good at counting the pennies, their caution meant many have missed out on one of the longest bull markets in history.  The vast majority (93%) stated they knew how much was in their bank account at any one time. Just a tenth (9%) felt they were ‘not in control' of their finances, while nearly three-quarters (72%) said they would not spend money without thinking it through.  Respondents were much more comfortable investing in cash ISAs (83%) and NS&I savings accounts (74%), compared with investment trusts or funds (39%) or stocks and sha...

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 Investment

Investors take group action against RL360 over collapsed funds

Investors take group action against RL360 over collapsed funds

Claim brought to Isle of Man to seek compensation for losses

Isabel Baxter
clock 27 March 2025 • 2 min read
Watch Professional Adviser's Working Lunch on Baillie Gifford's Scottish Mortgage trust - A World of Opportunities

Watch Professional Adviser's Working Lunch on Baillie Gifford's Scottish Mortgage trust - A World of Opportunities

Catch up on the discussion

Professional Adviser
clock 25 March 2025 • 1 min read
Other investing strategies are available: Performance chasing has served well despite risks

Other investing strategies are available: Performance chasing has served well despite risks

'Perhaps not surprisingly in such momentum-driven markets, performance chasing came out top'

Laith Khalaf
clock 24 March 2025 • 4 min read