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

Why the real problems of the pensions dashboard are yet to start

Why the real problems of the pensions dashboard are yet to start

'Its aims seem not only less relevant but potentially problematic'

James Floyd
clock 23 June 2025 • 5 min read
Turning data into dialogue: Helping clients visualise retirement realities

Turning data into dialogue: Helping clients visualise retirement realities

'Data is more than just a collection of figures, it's a powerful tool for engagement'

Joshua Croft
clock 20 June 2025 • 3 min read
Average pension transfer took just 11 days at tax year-end

Average pension transfer took just 11 days at tax year-end

Origo says transfer times decreased around tax year-end with half taking seven days or less

Jasmine Urquhart
clock 17 June 2025 • 2 min read