Third of over-55s spend longer picking a car than planning retirement

Around a third of retirees (32%) spend less than a week to make a decision on their pension income arrangements, compared with 40% who said they spend over a week to purchase a new car. This is despite more than half (52%) saying financial security was their main priority for retirement income, with just 30% saying they had never worried about their money out early. The findings, revealed today (24 September) in L&G's Price of Freedom research, come from a study of more than 2,000 members over the age of 55, and also showed around three in five (58%) members who had yet to retire had ...