长寿革命：迎接新现实

The longevity revolution:Preparing for a new reality This material is for Institutional Investors and InvestmentProfessionals only, and should not be distributed to thegeneral public or be relied upon by private investors. We know that retirementreadiness is about morethan saving. It’s aboutconfidence that moneywill last, that people canstay active and connected,and that they can livewith purpose. -Keith Metters,President,Fidelity International Contents Retirement in the longevity society5About our longevity research6Section 1Longevity readiness: Mapping our new reality8Section 2The four pillars of longevity readiness10Financial stability: The foundation that enables everything else10Physical health: The enabler of independence19Emotional wellbeing: The inner resource21Social connectivity: The longevity multiplier22Section 3Seizing the longevity dividend26The critical success factors27 Foreword Longevity is one of the best challenges society can have. It gives us more time to learn, to connect, to contribute,and to enjoy life. But it also forces us to rethink assumptions we’ve held for generations. The traditional model ofeducation, work, then retirement no longer fits the reality in front of us. Retirement is being redefined as a stageof life that can stretch across thirty years or more. That makes planning, preparation, and support more importantthan ever. At Fidelity International, helping our clients prepare for that future has always been at the heart of what we do.Since 1969, we’ve been building better financial futures through long-term investing, innovative retirement solutions,and trusted partnerships. Today, we manage more than £74 billion in workplace retirement assets, serving 1.3million members across nearly 1,000 plans worldwide. We know that retirement readiness is about more than saving. It’s about confidence that money will last, thatpeople can stay active and connected, and that they can live with purpose. When finances feel secure, peopleare better equipped to thrive emotionally, socially, and physically. Our research shows why this matters. Too many people are underprepared for longer lifespans. A third havedone no retirement planning. Fewer than one in three have thought about how to pay for care. These gaps riskundermining not just financial stability, but wellbeing in every sense. Fidelity International is uniquely placed to help close those gaps. With decades of global investment andretirement expertise, and a commitment to innovation, we work with individuals, employers, and institutions todeliver solutions that are practical, flexible, and built for a 100-year life. Our aim issimple: to give people the confidence to make the most of their time, however longit may be. This report is part of that mission. In partnership with the National Innovation Centrefor Ageing, we aim to challenge old assumptions and shine a light on what alonger life can mean. My hope is that it inspires people to plan sooner, act withconfidence, and embrace longevity as one of society’s greatest opportunities. Andat Fidelity International, we are proud to help make that possible. Keith MettersPresident, FidelityInternational Retirement in the longevity society There is a quiet revolution happening. It is not about climate change, market cycles or artificial intelligence. It is abouttime - more specifically, how much more of it we have, and the ability to do what we want with that extra time. For the first time in human history, older populations are growing at a faster pace than the youngest cohorts, usheringin an unprecedented demographic shift worldwide. By 2050, 2.1 billion people - nearly 22% of the global population -will be over 60, including 426 million over 80. In contrast, 50 years ago just 8.38% of the total population were over 60.1 To understand the implications of this shift so that we can better support our clients to make the most of the longevitydividend - the economic and social value created by longer, healthier lives, Fidelity International partnered with theNational Innovation Centre for Ageing (NICA), integrating a global survey of 11.800 individuals aged 50 and over. In this report, we will first discuss why longevity demands reframing. Second, we share our research findings,organised within the four pillars of longevity preparedness - financial stability, physical health, emotional wellbeing,and social connectivity, focusing on the financial pillar due to its crucial role in supporting the others. We alsoconsider ways to reduce longevity risk. Third, we suggest how collaborative adjustments by governments, society,corporations - including the financial sector - and individuals can bring about a transition from an ageing society toa longevity society. Our findings show: Planning and trust deficit The longevity literacy gap Four pillars for a longer life Around two in five people aged 50+are underpreparing for retirement by10 years or more when measuredagainst the av