Savers failing to check state pension forecast, warns Just Group

Third did not check their state pension forecast before retiring

Hope William-Smith
clock • 1 min read

Almost four in ten retired or semi-retired adults did not check their state pension forecast before retiring, while 14% of those who did check finding the forecast was less than expected, Just Group says.

Findings from the financial services specialist show that while the state pension is the largest source of income for about half of retired households, engagement with forecasting remains low. Group communications director Stephen Lowe said the high percentage of income could not be "left to chance". "It is crucial people track how much they are likely to receive," he said. "It's good than about six in ten did check what they will get, but that still leaves significant numbers." Just Group found a higher proportion of women (39%) than men (35%) did not check their state pension for...

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