|
Forty-two per
cent of independent financial advisers (IFAs) see rising longevity
as the ‘biggest threat’ to retirement planning.
Research from MetLife Europe Limited found that increasing longevity
is highest on the list of concerns for IFAs when advising clients
on saving for retirement, ahead of stock market volatility and rising
inflation.
Just 27 per cent of advisers cited inflation as the biggest threat,
and 18 per cent chose volatility. Another 11 per cent believe the
ability to protect savings in retirement is the biggest threat.
Dominic Grinstead, strategic development and marketing director
at MetLife, commented: “It is striking that advisers cite
longevity as the biggest threat ahead of volatility and inflation
despite the recent focus on the rise in the cost of living and the
slump in the FTSE.”
Grinstead believes this highlights the long-term strategy IFAs are
taking, rather than looking at short-term threats or fixes.
“Increasing longevity means that the long-term is likely to
be longer than many people expect and that existing retirement income
solutions may not always be up to the task,” he said.
- Pensions Age
August 2008
|
