Each week, a professional investor tells MoneyWeek where she’d put her money now. This week: Meret Gaugler, equities analyst, Lombard Odier Investment Managers.
Compared with previous generations, people retiring today can and do afford themselves more luxuries. In Britain, there are nearly two million people over the age of 60 with £1m in total wealth, including their property.
The image of a pensioner struggling to pay the heating bill may be a stereotype that’s hard to shift, but on average, the over-65s in the UK are now spending more than ever on restaurants, travel and entertainment.
Indeed, new pensioners are [...]
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