Two thirds of people approaching retirement age are worried about the impact the cost of living crisis will have on their plans, according to Schroders Personal Wealth.
In a webinar yesterday, (1st March) the financial planning firm laid out the findings of the Schroders Personal Wealth Retirement Report, which was based on a survey of 1,000 UK adults between 50 and 64 years old. It also found 21% said they felt "stressed and anxious" about their finances and 66% did not know or were not sure how much money they would need to live comfortably in retirement. Despite this, Schroders found a minority of respondents had sought out professional advice on how to plan their retirement, with 63% saying they have not spoken to a financial adviser about their ...
To continue reading this article...
Join Professional Adviser
Signup and gain exclusive members-only insights
- 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.
