ICR137: How To Solve The Biggest Problems With Living Longer

In this episode of Informed Choice Radio, Martin talks about solving the biggest problem with living longer.

There is also a roundup of the latest personal finance news and an update from the world of Informed Choice.

How to Solve the Biggest Problems With Living Longer

Earlier this week Martin gave a presentation at the Cranleigh Chamber of Commerce breakfast meeting. This episode includes a re-recording of that presentation.

Martin talks about a remarkable French lady and the deal she did with a property lawyer, the state of longevity in the UK today, what is on the cards for the State Pension, how reform of funding adult social care was watered down, and why many older people feel they are second-class citizens.

He finishes with five ideas to address the challenges of an ageing population and helping people live well in later life.

1 – Become a Dementia Friend

2 – Become more accessible to older customers

3 – Invest in your old age today

4 – Talk to your kids about the future

5 – Re-rethink retirement

Personal finance news update

-The Financial Conduct Authority has warned some consumers might not fully understand the new Lifetime ISAs which are due to launch next April.

-Unemployment in the UK has fallen to reach an 11-year low, according to new figures.

-Early exit penalties for people withdrawing money from their pension pots are set to be capped at 1%.

-Teenagers are ill-prepared for the financial realities of adulthood, according to the Money Advice Service.

-Grandparents are gearing up to spoil their grandchildren to the tune of £1.4bn this Christmas according to research by Saga Money.

Get answers to your personal finance questions

Do you have a personal finance or investing question for Martin?

Email martin@icfp.co.uk or ask on Twitter @martinbamford.

You can call our dedicated podcast voicemail line on 020 8144 2745 with your question or visit www.icradio.co.uk/voicemail to leave an online voice message.

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