COMMENT ON THE IMF ‘LONGEVITY RISK’

12 April 2012

Nick Sanderson, CEO of Audley Retirement Villages, said:

“Today’s report from the IMF on the ‘longevity risk’ to the nation’s economy again emphasises the need to explore alternative choices for funding retirement. Many of us could spend 30 years in retirement and, as the Government clearly cannot subsidise older age forever, the onus of responsibility willincreasingly fall on the individual. Taking control is not a pipe dream. Today’s over 60s are the first generation of home owners and they have the option to ‘positively downsize,’ which would release equity from their homes and allow them live the retirement they both dream of and deserve.”

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