Baby boomers urged to update providers on later retirement or risk missing 'years of equity gains'

Dunstan Thomas's report Engaging with Baby Boomers found more than half (51%) of baby boomers have not told their pension providers of any planned changes to their retirement age, and almost half (49%) said they had not received any prompting to do so from their provider. That is despite retirement expectations shifting significantly from baby boomers aged between 54 and 71 years old, who joined their first pension and stated an anticipated retirement age up to 40 years ago. Back then, the mean average retirement age stated was 59 years old. Most women (72%) expected to retired by 60,...