Two-thirds worried about lack of money in retirement - Axa Wealth

Jenna Towler
clock

About two-thirds of people are concerned about not having enough money in retirement, with women significantly more worried than men, according to Axa Wealth figures.

In a poll of just over 2,500 people some 63% had fears about lack of cash in retirement. Some 32% of women were really worried about having enough money to fund essentials, compared to 26% of men. About 13% of men had no financial concerns at all, in comparison to just 8% of women. The research, conducted by YouGov, looked at attitudes toward and preparations for retirement among UK adults. Top concerns were: 38% nervous they will not save enough to realise retirement dreams 29% 'really worried' about not having enough money to cover essentials such as food and heating 25%...

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 Pensions

Savers can draw down target retirement income for just 11 years

Savers can draw down target retirement income for just 11 years

Report exposes retirement income gap

Jenna Brown
clock 08 May 2025 • 3 min read
State pension nears tax threshold – how can the government fix it?

State pension nears tax threshold – how can the government fix it?

'While policy change would be welcome, individual action is just as crucial'

Laura Suter
clock 06 May 2025 • 4 min read
A 1000-day wait: Pension transfer delays demand urgent reform, advisers say

A 1000-day wait: Pension transfer delays demand urgent reform, advisers say

Transfer delays highlight need for ten-day Pension Switch Guarantee

Sahar Nazir
clock 29 April 2025 • 2 min read