Articles

Retirement can be a great chapter, given enough health and enough money. Normal health in older age has improved hugely over the past few decades, with life expectancy rising steeply. However, this lengthening of retirement caused by the postponement of death means that inevitably there is not enough money to go round. My life expectancy is over 20 years longer than my mother’s, an extra 20 years for the state pension pot to pay out. One in four boys born today can expect to reach 100 years: should they be expected to work for 40, 50 or 60 years of that time?

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