INVESTMENT STRATEGY
INCOME
MATTERS
Funding retirement and
supporting life-long goals
Schroders recommends a number of steps for you to follow at every stage of your life
that can help you to achieve your income goals when you reach retirement
I
nvesting for income can play
an important role in helping
you to achieve your goals at
any stage in life, from funding a
business start-up to supporting
children through their higher
education. It is in helping to
fund your retirement, however,
that an income plan is likely to
play the most important role.
Healthier lifestyles and
medical advances mean many
of us will live for longer than
previous generations. However,
this creates a significant
challenge – how to fund a
fulfilling life beyond our
working years.
The UK, along with many
other countries, plans to
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increase the statutory state
pension age. But in the view of
the Organisation for Economic
Co-operation and Development
(OECD), this alone may not
ensure the affordability of the
public pension system. To make
up for a potential fall in the level
of public benefits, it proposes
that people should make some
provision to save for their own
retirement.
STATE PENSION
When the UK contributory state
pension was introduced in 1948,
the average man lived less than
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