Brits glummer on retirement than US counterparts

clock

Britons display "worryingly" low levels of optimism towards preparing for retirement and possess a gloomier outlook than their counterparts across the Atlantic, a study suggests.

Sun Life Financial of Canada's ‘Unretirement Index' measures UK consumer attitudes towards retirement and compares them against others around the globe. It asked more than 1,200 UK adults to rank their hopes for retirement between 0 and 100, with 100 representing ‘extreme optimism' and the expectation of a ‘perfect retirement at the perfect time'. Britons registered at 35, lower than both Americans (46) and Canadians (51). Sun Life polled more than 6,000 people globally. Sun Life spokesman Mark Stopard says: "Britain currently lags behind the other countries in the study with a rat...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Income

How annuity underwriting needs to change to meet Consumer Duty

How annuity underwriting needs to change to meet Consumer Duty

'This is an industry systematically delivering poor outcomes'

Andrew Gething
clock 24 June 2025 • 4 min read
Annuities in a post-freedoms world: The need for rebranding and repositioning

Annuities in a post-freedoms world: The need for rebranding and repositioning

‘The challenges facing today’s retirees are intensifying’

Steve Butler
clock 22 May 2025 • 4 min read
Legal & General goes digital for annuity applications

Legal & General goes digital for annuity applications

Applications could take 14 fewer days to process

Jenna Brown
clock 01 April 2025 • 1 min read