Pension Awareness Week: Planning and advice for tradespeople

Plan ahead and save, experts tell older tradespeople

Julia Bahr
clock • 3 min read

One in eight (13%) older tradespeople (55-64) don’t have a financial plan for retirement in place, a survey of 500 UK tradespeople conducted by The Leadership Factor on behalf of IronmongeryDirect finds.

The survey results have been published in line with this year's Pension Awareness Week, which addresses the issue of how people can tackle the challenge of preparing and saving for retirement. IronmongeryDirect has partnered with Nelsons senior associate and Chartered financial planner Fabian Taylor, and Hoxton Capital Management senior wealth manager George Stainton, to advise tradespeople on how to navigate those issues. While it's recommended to begin planning for retirement as soon as possible, it's never too late to make a start, according to the experts. Taylor said: "Contributi...

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

Divorce, pensions and professional collaboration in the HNW world

Divorce, pensions and professional collaboration in the HNW world

'Beware the attraction of the simple solution'

Richard Kershaw
clock 16 February 2026 • 3 min read
A century of the state pension – and why the next redesign is overdue

A century of the state pension – and why the next redesign is overdue

'A pension promise only works if contributors believe it is fair and durable'

Adam Cole
clock 16 February 2026 • 4 min read
Pensions: The overlooked asset in divorce settlements?

Pensions: The overlooked asset in divorce settlements?

Practical steps to narrow the divorce pension gap

Alistair Myles
clock 11 February 2026 • 5 min read