Pension and yesterday's budget.

Triumph13

Linton wrote: »

More of a problem could be sensible people underestimating their life expectancy. If they drawdown on the basis of "everyone in my family was dead by 75" life could become very difficult should they live well into their 80's as, according to current estimates, most will.

It will be interesting to see if much of a market emerges for 'delayed annuities' as a straight insurance against longevity. It might be attractive to buy at say 60 a policy that pays out a modest income from say 80 or 85. Hopefully the fact that so many people would not live to collect it would help to make it more affordable.

I know many people wouldn't go for it, but I'm sure quite a few would see it as being worth it for the peace of mind.

kidmugsy

Triumph13 wrote: »

It will be interesting to see if much of a market emerges for 'delayed annuities' as a straight insurance against longevity. .

Logically an index-linked deferred annuity should appeal. But logic may have little to do with it. Companies seemed to find it impossible to make a living selling insurance against care costs, for instance.

Or maybe it's that the logic should embrace the view that there's no point funding your own future if you think you can bully future politicians into spending other people's money on you.

McKneff

I only get 60% state pension but because my oh gets full state pension and we saved/ bought our own house, we are not eligible for pension credit,.