Quarter of savers concerned about financial health in retirement - PLSA

PLFA said UK households were feeling the pinch off the back of the cost-of-living crisis, war in Ukraine and two years of Covid-19 restrictions, and reported long-term concerns as to their financial health when they stop working. It found those aged between 35 and 54 (29%) were most worried they would not have enough savings to live off, compared to those aged over 55 (20%). A third of women were concerned (31%), compared to one-in-five men (21%). A third (35%) of those in low-income households - whose total income is up to £14k - and 31% with an income from £14k to £28k also expresse...