Not so long ago it was a surprise that people were living so long. Now we constantly hear “we are all living longer”. But recent mortality data in the UK surprised in the opposite direction: more people have died than expected. It’s complicated, but it looks like a slowing down rather than a reversing of the trend towards longer lives. We are still likely to keep living longer. Policy makers and anyone planning retirement need to keep anticipating longevity improvements.
UK
Four markets, one issue: income from retirement savings
It’s striking that how to decumulate – how to organise savings for income in retirement – is a hot topic right now in many countries. Why aren’t solutions ready?
The cost of incentives for retirement saving
Incentives for retirement saving are in the policy headlights in both New Zealand and the UK. This post attempts to compare the cost of these incentives, allowing for the different size of population and different systems used. It’s not very elegant, but it is one way of showing just how costly UK pension incentives are. Continue reading