Britons are failing to make appropriate provisions for retirement in comparison to people in Germany, France, Switzerland or Austria, despite being more aware of their own role in providing for the cost of retirement, according to Chase de Vere.
In Longevity and Retirement, a European Comparison, the independent financial adviser undertook research into society's attitude to longevity, people's aspirations and concerns for living longer, and steps they have taken to address these. It found while UK consumers were aware of their role in providing for the cost of their retirement, with almost two thirds (62%) believing the individual retiree was responsible, a mere 36% of the 1,000 consumers (aged 35+) questioned had accumulated savings. In contrast, in Europe, where just more than half (54%) of respondents felt the individual...
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