Financial planning 'significantly' affects retirement confidence

Those without a detailed retirement plan have the lowest confidence

Isabel Baxter
clock • 1 min read

Financial planning has a ‘considerable’ impact on retirement confidence, Nucleus has found.

Its first UK Retirement Confidence Index which included research of 2,200 UK adults aged 50 and over by YouGov, showed nearly half (49%) of people aged over 50 do not a detailed retirement plan. The survey also found that planning significantly affects confidence. Just over half of respondents (51%) have a detailed plan for retirement. Only 20% have their plan in writing, but this does not seem to affect confidence (8.1 vs eight out of ten). Those without a detailed plan have the lowest confidence with the score being 4.6 out of ten.  Nucleus said these results "clearly indicate th...

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 Your profession

Rishi Sunak returns to Goldman Sachs as senior adviser

Rishi Sunak returns to Goldman Sachs as senior adviser

Joined as an analyst in 2001

Linus Uhlig
clock 08 July 2025 • 1 min read
Client support: How financial and emotional resilience differ

Client support: How financial and emotional resilience differ

'Financial resilience appears to be decoupled from emotional resilience'

Louis Williams
clock 08 July 2025 • 4 min read
Parmenion's Dalgliesh: Adviser-led investing must stay disciplined and diversified

Parmenion's Dalgliesh: Adviser-led investing must stay disciplined and diversified

CIO Peter Dalgliesh explains how Parmenion’s risk-first, outcomes-based approach is benefitting advisers

Sahar Nazir
clock 08 July 2025 • 2 min read