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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

A 1000-day wait: Pension transfer delays demand urgent reform, advisers say

A 1000-day wait: Pension transfer delays demand urgent reform, advisers say

Transfer delays highlight need for ten-day Pension Switch Guarantee

Sahar Nazir
clock 29 April 2025 • 2 min read
Sipps: How clients can avoid common retirement planning mistakes

Sipps: How clients can avoid common retirement planning mistakes

'Retirement planning stands as a cornerstone of long-term financial well-being'

James Floyd
clock 28 April 2025 • 4 min read
Origo completes pensions dashboard connection

Origo completes pensions dashboard connection

Completed connection ahead of this week’s first deadline

Holly Roach
clock 28 April 2025 • 2 min read