Retirement boosts financial problems by third - FSA

The survey, which uses data from the British Household Panel, found 31% of people may face financial difficulties when they retire. It examines how life events such as unemployment, bereavement and household status affect levels of financial capability. Planning for financial security in retirement is especially important in the current economic climate, as more people than ever are facing difficult financial situations and finding their financial capability skills to be insufficient, says the FSA. In response to the findings, the FSA and ABI have teamed up to launch an online pens...