Marilyn Cole & Vinay Jayaram: How to solve the retirement puzzle

The cohort of individuals who are coming up to retirement over the next two decades may pose one of the most complex analytical problems in UK history. Their burning question is: "How can we ensure we do not run out of money while we are still alive?" These people are retiring at the end of decades of government fiddling with pensions and savings legislation, culminating in pension freedom and choice. They have substantial assets from their homes - and sometimes second homes - and, if they are fortunate, from defined benefit pensions now likely mixed with some amount of defined contribut...