Simple changes in life expectancy are playing a major part here: ââ¬â in 1950 the average man spent 18% of his life in retirement, today it is 33% and many of those years will be spent in ââ¬Ëactive retirementââ¬â¢ - unrecognizable to our parents and certainly grandparents. In fact, the very meaning of the word ââ¬Ëretirementââ¬â¢ is changing in the minds of people ââ¬â increasingly this means ââ¬Ënot working (or only working part-time ââ¬â because you choose to), enjoying a full and active life of travel, sports, increased time with friends and familyââ¬â¢. Perhaps needless to say, but this extra time requires a larger pension to fund ââ¬â one with greater certainty too.
And yet, 800,000 ââ¬Ëbaby boomersââ¬â¢ (born in the years
just after WWII), will pass the age of 65 by the end of 2012 ââ¬â putting massive
further pressure on the state funded pension scheme. The number of Britons over
65 will then rise from 17% to 23% in the next 23 years to 2034. Both ââ¬â¢30 and 40
somethingââ¬â¢s need to be aware that fundamental changes are coming in how
pensions are provisioned ââ¬â both through state enforced changes and private
necessity. SIPPs offer an empowered solution to those now savvy enough to take
control.
The SIPP Zone brings together a unique gathering of pension ââ¬Ëwhistleblowersââ¬â¢ with free seminars and 1-2-1 advice at Excel London 13th- 15th October.
For those that canââ¬â¢t make it to the event there is a handy free guide to download from www.sippzone.info.
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Author
Nick Marr
I am an internet entrepreneur with a passion for driving big audiences and a love for real estate. I have had plenty of ups and downs which has given me the experience to help others launch their own businesses. I enjoy projects that save consumers time and money, challenge convention and add real value to peoples lives.