{"id":5721,"date":"2025-02-18T11:26:09","date_gmt":"2025-02-18T11:26:09","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/quilter\/?p=5721"},"modified":"2025-02-18T13:35:59","modified_gmt":"2025-02-18T13:35:59","slug":"financing-longevity-is-all-in-the-planning","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/quilter\/2025\/02\/18\/financing-longevity-is-all-in-the-planning\/","title":{"rendered":"Financing longevity is all in the planning"},"content":{"rendered":"
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The \u2018longevity megatrend\u2019 presents financial challenges, requiring planning for longer lifespans and retirement funding\u00a0<\/td>Research shows many people are unprepared to finance increased longevity, with limited retirement priorities\u00a0<\/td>Using financial advisers helps individuals plan for longevity, retirement, and family support, ensuring better preparedness\u00a0<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n
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The start of a new year inevitably comes with thoughts of the future \u2013 and, with people living longer than ever before, it could be a rather long future for many. As 2025 kicks into gear, how should individuals and investors think about longevity financing?<\/strong>\u00a0<\/p>\n<\/div>\n\n

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Towards the end of 2024, the International Monetary Fund (IMF)1<\/sup> foresaw a period of \u2018stable but underwhelming\u2019 global growth for the year ahead. The prediction also included a return to a more neutral monetary policy stance as inflation in most economies steadily falls towards national targets in 2025. <\/p>\n<\/div>\n\n

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Thinking through the \u2018longevity megatrend\u2019<\/strong> <\/p>\n<\/div>\n\n

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The IMF forecast also highlighted some structural challenges that are expected to temper global growth, with an ageing population being one of the most prominent. As well as impacting the economy, the unfolding \u2018longevity megatrend\u2019 is a global phenomenon, which presents a financial challenge at a personal level too as we live longer. <\/p>\n<\/div>\n\n

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Research2<\/sup> suggests most of us are vague when it comes to financing increased longevity \u2013 less than a third of 55 to 64-year-olds, for example, currently prioritise funding their retirement. Preparation and setting life goals typically makes us feel more in control of, and optimistic about our futures and is undoubtedly key to confronting the realities and practicalities of living longer. Such targets, though, do need to be focused beyond current life stages. <\/p>\n<\/div>\n\n

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Advice helps longevity plans<\/strong> <\/p>\n<\/div>\n\n

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Encouragingly, the research also found that people who use an adviser tend to be better prepared for later-life eventualities, whether that be financing retirement or providing support for loved ones. <\/p>\n<\/div>\n\n

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Another element of longevity is successful communication. Advice helps clients successfully navigate the financial landscape as well as encouraging them to engage family in financial conversations; we can support you on all counts \u2013 it\u2019s all in the planning! <\/p>\n<\/div>\n\n

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1<\/sup>IMF, 2<\/sup>Canada Life, 2024 <\/p>\n<\/div>\n\n

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It is important to take professional advice before making any decision relating to your personal finances. Information within this article is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK.<\/em><\/strong> <\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

The \u2018longevity megatrend\u2019 presents financial challenges, requiring planning for longer lifespans and retirement funding\u00a0 Research shows many people are unprepared to finance increased longevity, with limited retirement priorities\u00a0 Using financial advisers helps individuals plan for longevity, retirement, and family support, ensuring better preparedness\u00a0 The start of a new year inevitably comes with thoughts of the […]<\/p>\n","protected":false},"author":4,"featured_media":5722,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,77,78],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/5721"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/comments?post=5721"}],"version-history":[{"count":7,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/5721\/revisions"}],"predecessor-version":[{"id":5740,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/5721\/revisions\/5740"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media\/5722"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media?parent=5721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/categories?post=5721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/tags?post=5721"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/hd_content_source?post=5721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}