We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us
Investment Times

Age concern

30 January 2015 | A A A

No recommendation

No news or research item is a personal recommendation to deal. All investments can fall as well as rise in value so you could get back less than you invest.

No recommendation

No news or research item is a personal recommendation to deal. All investments can fall as well as rise in value so you could get back less than you invest.

You don't need to be bombarded with statistics to appreciate the UK's population is ageing. Having said this, the graph below nicely illustrates how, even in the short space of seven years (2015-2022), the number of people in the UK approaching retirement age looks set to increase.

UK population ageing

Source: ONS

While this problem is not exclusive to the UK, the combination of longer life expectancy and fewer workers will undoubtedly heap pressure on the government's ability to provide a decent state pension. We have already seen the announcement that the state pension age will increase to 66 for both men and women by 2020 and this will rise in future. It is, therefore, more important than ever to build up other savings for your retirement. Fortunately, the government has provided great incentives for you to do so with the recent changes to pensions and ISAs.

Find out more about the recent changes to ISAs and pensions

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.