The future of retirement and insurance
I interviewed Mike Mansfield, Director of the Longevity and Retirement Centre at Aegon, a life insurance, pension, and asset management company, and he says it is important to maintain good health as part of your retirement planning. Lifelong learning is important too. The job market is changing and this will accelerate as we emerge from the pandemic. People starting in a career, when they leave college or leave school, may well find that their career is going to evolve over time. They will have to change and keep their skills up to date, and this will continue as you get older.
Mike adds that preparing for retirement is very multidimensional but overall, saving earlier for retirement is a key need. People should have a written plan for their retirement and a backup plan in case things go wrong, or when things go wrong.