How to help your clients financially plan for longevity in a changing world of work

The prospect of living much longer (even to 100 years) has had an impact on people’s views of retirement and the structure of their working lives. There is generational change in how their working lives are perceived and planned for. According to Canada Life’s Life100+ report, only 10% of respondents under 55 years believe they will fully retire as they approach retirement age. Only 6% of those aged between 18-34 and 8% aged 35-44 expect to fully retire and stop working, compared with 34% of 55-64 year-olds. People will need to plan differently for this new shape of working life and its impact...