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Currently Playing: ⁠Will the State Pension Be There When You Retire?

When you retire will you have enough? Or are you heading for a shortfall without realising it? Al Miles is an investment actuary who has analysed the UK pension system, and found that millions of workers will fall short of what they need for retirement. But she didn’t stop there. She’s also looked at ways we can fix it. 🤝 Want 1:1 financial help from us? Answer a few questions to find the right service & book free call: https://getmost.typeform.com/pod-episodes 🎉 Sponsors Vanta - Get your company secure and compliant: ⁠https://vanta.com/makingmoney Tide - Get up to 4% AER variable with their Instant Saver Account: https://www.tide.co/offers/makingmoney New Tide members get these rates free for 4 months, after which your Tide plan’s rates apply. For full details visit https://www.tide.co/makingmoney/. - If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. -- Here are the papers we reference: Retirement Reimagined: https://aca.org.uk/wp-content/uploads/Retirement-reimagined-securing-lifelong-financial-independence-for-all.pdf How Much Could You Lose? https://actuaries.org.uk/media/zdhn5xl3/how-much-could-you-lose-report.pdf Chapters: 00:00 - Who Will Be Short When They Get To Retirement? 07:06 - What Could Cost You £300,000 13:51 - Will You Live To Retirement? 18:55 - Vanta ad 20:02 - When Will The State Pension Become Unsustainable? 23:30 - Iceland’s Solution 28:11 - Would Iceland’s Solution Work For You 38:50 - Tide ad 39:49 - What Is A Fair System? 41:04 - Give Every Baby £5k at Birth 52:18 - Who Will Fund Your Care? 01:03:09 - Are Policy Makers Listening?