Only 8% of 50 to early 60-year-olds have spoken to IFAs

‘Many people in their later working life are shying away from preparing for retirement’

Ayesha Venkataraman
clock • 3 min read

Just eight in 100 people in their 50s and early 60s have had a call with a free pensions advice service or spoken to a financial adviser, according to a new report.

The report, carried out by Invesco, Nest Insight and Maslansky + Partners, looks at how language and framing can support engagement in retirement saving for UK pension savers. The report, , also found that fewer than one in five people have used an online calculator to work out what income they can get in retirement. It identified a range of barriers and complexities that can get in the way of 50-60-year-olds preparing for retirement, including affordability of putting more into their pension pot and/or retiring, being overwhelmed by the options and things to consider, not knowing wha...

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