Displaying items by tag: retirement planning

Less than two-fifths (36%) of the average retirement income before tax is made up by pensions, according to a new report.

Only 39% of pension savers are on track for a moderate retirement income of £23,300 a year.

A quarter (25%) of financial advisers are working with clients to release funds to help adult children, according to a new report.

Non-advised adults are nearly twice as concerned about having enough money to live on in later life (42%) than their peers who have taken financial advice (23%), according to new research.

Retirees wanting a comfortable retirement and enough money to pay for later life care need to build up around £470,000 in retirement wealth due to the cost of living crisis, according to a new report.

Almost a third of people aged over 55 are changing their retirement plans due to the current cost of living crisis, according to new research.

Two thirds of Britons have shared their goals for a good retirement with their family, according to a new report.

Nearly one in three pension savers (28%) are worried about keeping track of their retirement savings, according to a new report.

High net worth (HNW) savers are underestimating the amount of money they need to save for a comfortable retirement by around £300,000, according to a new report.

Just a tenth of the population holds 64% of total pension wealth in the UK, according to the latest figures from the Office for National Statistics.