Investing in longer lives will lift your portfolio

People are living longer than ever before – and the old are starting to behave as if they are merely middle-aged. Therein lies opportunity, says Merryn Somerset Webb.

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People are increasingly "down-ageing", or acting younger

Earlier this week The Economist ran a leader headlined "How Japan can cope with the 100-year-life society". It was full of interesting titbits (more than half of Japanese babies can expect to live to 100, for example) and helpful advice: Japan must raise its retirement age. But there was something about it that reminded me of all the articles about the Japanese financial crisis written by Western journalists in the 1990s.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.