Fidelity International report: The longevity revolution: Preparing for a new reality 

Combining a global survey of 11,800 people aged 50+ with recommendations of collaborative adjustments by governments, societies and corporations, the report – produced with National Innovation Centre for Ageing – considers how to reframe the ageing society. 

It suggests that the most effective solutions for a ‘longevity’ society will be those that combine structural changes including health, care, and product and service innovation across a range of sectors, including financial services and technology.  

Retirement planning is about recognising the interconnectivity of financial security with emotional wellbeing, social connectivity and physical health, the report says. This includes addressing financial anxiety early. 

Download the full report to find out that: 

  • 30% of pre-retirees have not done any retirement planning 
  • About 2 in 5 people aged over 50 are underpreparing for retirement by 10 years or more when measured against the average life expectancy in their location 
  • About 70% of pre-retirees aged over 50 expect to work longer, primarily to stay mentally and physically active (38%) rather than as a financial necessity (26%) 
  • Nearly half cite financial worries as their top retirement concern, yet optimism grows after retirement (68% vs 56% pre-retirement). 

 

Supplied by REBA Associate Member, Fidelity International

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