Longevity, volatility and rising inflation biggest threats to saving

The firm’s research found 42pc of independent financial advisers cited longevity as a major concern when recommending investment strategies to clients looking to save for their retirement.

Around 27pc of advisers cited inflation and 18pc cited market volatility as significant challenges to retirement planning.

More than 10pc said protecting savings during retirement was another threat to long-term investments.

MetLife strategic development and marketing director Dominic Grinstead said: "It is striking that advisors cite longevity as the biggest threat ahead of volatility and inflation despite the recent focus on the rise in the cost of living and the slump in the FTSE.

"It demonstrates that advisers are focusing on the long-term and that they believe clients should also be looking long-term. Increasing longevity means that long-term is likely to be longer than many people expect and that existing retirement income solutions may not always be up to the task."