BlackRock chief executive Larry Fink says it is “crazy” to have the retirement age set at 65 as people live longer than ever before.

Fink says the world is facing an impending retirement crisis with people having to stay in work later in life to ensure their savings pot tides them over until death.

Fink outlined his views on retirement in his annual letter that is distributed to BlackRock investors, reports The Telegraph. He said: “No one should have to work longer than they want to. But I do…