The UK will have to increase the state pension age to 71 by 2050 to maintain the number of workers per retiree, according to a new report from the International Longevity Centre UK.

A new report by the International Longevity Centre UK (ILC-UK) has found that those who received financial advice in the 2001-2007 period accumulated significantly more "liquid financial assets and pension wealth" than their unadvised equivalent peers by 2012-14.



New research has shown that consumers should not be shunning annuities on the basis of value for money, according to the International Longevity Centre UK.