Pensions
The science of retirement Software that can model retirement income decades into the future is being used to help people ensure they can enjoy the later life they hope for, writes Andrew Strange
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etirement planning has become something of a science. As government support for later living has been rolled back, final salary pensions scrapped and lifespans extended (there were 13,170 centenarians in the UK at the last count) every citizen is being expected to take more responsibility for their later years. Nevertheless, it can be extremely difficult for individuals to save enough to pay for the lifestyles they want for a 20, 30 or even 40-year period. Research by the Pensions and Lifetime Savings Association in 2018 warned that 30 million people were at risk of running out of money during their retirement. To help people solve this complex puzzle, financial advisers are turning to technology, supplementing their
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