Half of over-40s have 'basic' retirement understanding - Just Group

'Have the basic knowledge'

"Once we focused on those who were planning to fully cash in their pension at 55, the proportion of those at high risk doubled to 14%" - Just Group's Stephen Lowe
"Once we focused on those who were planning to fully cash in their pension at 55, the proportion of those at high risk doubled to 14%" - Just Group's Stephen Lowe
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Only half of those aged 40 or above have a 'basic understanding' of the key factors that will influence their retirement decisions, according to Just Group's retirement risk index.

The research also showed one in 14 (7%) of those over 40 have a high risk of making poor later-life financial choices. Half (50%) of people have enough basic understanding to be considered low risk, Just...

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