ONS are forecasting that around 19% of all newborn girls (and 14% of all newborn boys) will become centenarians. We’re calling this lucky, long-living group Generation Centenarian.
Many people may need to reduce the income they are taking from their drawdown pension funds in light of recent falls in the value of their investments resulting from the economic impact of Covid-19.
Women are saving more than ever into pensions, but they still lag behind men in retirement savings, resulting in a gender pensions gap.
The new State Pension has failed to keep up with the National Living Wage in the years since they were both set up in April 2016.
The unknowns in your financial outlook can always shift, especially when you come up to retirement.