The proportion of over 50s willing to take financial risks has grown over the past year while fewer retirees are concerned about certainty, research from Retirement Advantage has found.
The Retirement Sentiment Index Report - Expanding Horizons found despite an uncertain outlook due to Brexit and the unexpected result of the UK general election, the number of over 50s willing to take a reasonable amount of financial risk increased from 24% in August 2016 to 28% in June 2017. Additionally, the proportion of those unwilling to take any financial risk fell from 29% to 26% over the course of the year. The findings pointed to a narrowing gap between the desire for certainty and flexibility when people were asked about their priorities from retirement income. The propor...
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