Quarter of savers concerned about financial health in retirement - PLSA

'People aged 35 to 54 most worried'

clock • 2 min read
The research revealed that with UK households feeling the pinch off the back of the cost-of-living crisis, war in Ukraine and two years of Covid-19 restrictions, savers have reported long-term concerns as to their financial health when they stop working
Image:

The research revealed that with UK households feeling the pinch off the back of the cost-of-living crisis, war in Ukraine and two years of Covid-19 restrictions, savers have reported long-term concerns as to their financial health when they stop working

A survey from The Pensions and Lifetime Savings Association (PLSA) has suggested that a quarter of savers (26%) who have a workplace pension are concerned their current level of pension saving will not offer them enough to live off when they retire.

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...

To continue reading this article...

Join Professional Adviser

 

  • 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 Retirement income

Men more optimistic about retirement standard of living - Canada Life

Men more optimistic about retirement standard of living - Canada Life

12% of men vs 6% of women

clock 23 February 2022 • 3 min read
Alice Watson, head of marketing for insurance at Canada Life

Third of over-55s likely to use equity release - Canada Life

'A lifelong financial decision'

clock 18 February 2022 • 3 min read
Advising an ageing population: Designing drawdown strategies

Advising an ageing population: Designing drawdown strategies

'Safe' withdrawal rates?

Craig Rickman
clock 03 February 2022 • 8 min read