'Complete honesty' key to successful retirement planning, advisers say

'Don’t build on sand'

Julia Bahr
clock • 4 min read

In light of the cost-of-living-crisis, war in Ukraine and two years of Covid-19 restrictions, many people are worried about their financial health when they stop working, writes Julia Bahr.

A quarter of savers in the UK are concerned their current level of pension won't be enough to live off in retirement, according to recent research from the Pensions and Lifetime Savings Association (PLSA). Just over a quarter of savers surveyed (26%), who have a workplace pension, think that their current amount of pension saving will not be enough to get by on when it comes time to retire, the data showed. Research from the Office for National Statistics (ONS) found that UK employment rates for people older than 65 doubled between 1993 and 2018. After the pandemic hit, jobsite Indeed...

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