Making Money Your Retirement Plan Has a Fatal Flaw
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Feb 16, 2026 Marianna Hunt, a retirement specialist at Fidelity who researches pensions and longevity. She explores the uncertainty of living much longer than expected. She discusses inflation’s quiet erosion of savings. She highlights who is most at risk and practical steps to check pensions, adjust contributions and consider annuities or working longer.
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People Underestimate Longevity Risks
- Many people significantly underestimate their life expectancy and underprepare for retirement by a decade or more.
- Fidelity found around two in five people underprepare by a decade versus national averages and four in five versus a 100-year lifespan.
Gen X And Self-Employed Are Vulnerable
- Generation X and the self-employed face particular pension shortfalls.
- Average self-employed people around late 40s/50s hold about £3,000 versus employees' £71,000, risking four extra working years.
Building A Retirement Plan For Her Mother
- Marianna described helping her mother map pensions, state pension and ISAs to cover living costs.
- They bought a small annuity to top up guaranteed income so remaining investments could take more risk.
