Half of pre-retirees (46%) would consider retiring to a cheaper country to get better value for money, according to a survey from the National Association of Pension Funds (NAPF).
The majority of those taking part in the survey (60%) did not expect to be able to retire in comfort in the UK. Only 15% think they will. And a quarter (24%) of those aged 55 to 64 would rather retire overseas than pay more into their pension in order to live in the UK. Joanne Segars, NAPF chief executive expects a "grey flight as people try to squeeze the most out of their pension." Less than half the workforce is saving into a pension, meaning people will increasingly use a move abroad to stem the savings gap. Spain, Canada and Cyprus are popular choices for retirees, but NAPF...
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