At Warwick Wealth, where we cater exclusively for the over-50 and retirement market, we keep a close eye on life expectancy trends to ensure that our wealth management strategies evolve with the times and remain exceptional.
While we know that none of our clients are going to live forever, we also understand that they have a better chance of living longer than their parents did. In fact, they have a much higher likelihood of surviving beyond the 100-year milestone, thanks to advances in the field of medicine and more health-focused lifestyles.
According to recent UN forecasts, the number of centenarians around the world will climb to an impressive 3.2 million by 2050. This figure is eighteen times higher than it was in 2000.
Additionally, the elder segments of the global population are growing faster than the younger segments. Around the world – irrespective of the geographical location or economic climate of their country – the number of people aged 80 years or older is growing at a rate of 3.8%, whereas the group aged 60 years and older is growing at half that rate – 1.9%.
In developed economies, like the UK, exceeding the age of 100 could soon become the norm. The UK National Office for statistics reports that more than a third of babies born now will live for longer than a century.
Of course, there are many variables that affect your individual life expectancy, both hereditary and lifestyle related. But at Warwick, we prefer to keep honing our wealth management strategies and improving our product offerings to best meet extended lifespans.
For the utmost security of investment, we commit to meeting and exceeding the highest statutory, regulatory, financial and governance compliance requirements in the financial services sector. This way, we can ensure that we build capital and secure income for as long as our clients and their families may need it.