Retirement worrying majority of people, survey shows

Most have not spoken with an adviser during the cost of living crisis

clock • 1 min read

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 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 Retirement

Why we plan holidays, not retirements: Changing the client conversation

Why we plan holidays, not retirements: Changing the client conversation

'This is scary for us as an industry but even more scary for us as a nation'

Verona Kenny
clock 04 June 2025 • 4 min read
Inflation drives 'modest' rises in PLSA's Retirement Living Standards

Inflation drives 'modest' rises in PLSA's Retirement Living Standards

Majority of pre-retirees expect to live with someone else in retirement

Martin Richmond
clock 03 June 2025 • 8 min read
PA360: The 'human' element of retirement planning becoming ever more important

PA360: The 'human' element of retirement planning becoming ever more important

Retirement panel on client-centric approaches

Isabel Baxter
clock 02 May 2025 • 3 min read