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Personal finance: The British question

How can we prepare for a 30-year retirement?

By Robin Ellison   March 2013

Every hour that passes, life expectancy  in Britain extends a further 15 minutes. It is increasing at around 2.5 years every decade, and providing for an ever-extending old age is increasingly expensive. The problem is that few of us know, as an individual, just when we are going to die, so a system which takes away the gamble of not knowing how much to save is becoming increasingly vital.

In human terms, we might not earn a living wage before we’re 30, we might work for 30 years and then we might live another 30 in retirement. In economic terms,…

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