11 Sep: How long will my drawdown pension need to last

When I came across the Office for National Statistics latest life expectancy. I had a couple of thoughts after entering my age. The first was "25% chance of reaching 95, never" and secondly that "averages are always misleading”. Knowing how long you require an income for is one of the great variables of financial planning. Of course, the simple truth is that we have absolutely no idea when our time is up, meaning trying to plan for our retirement can be a complicated business.