Comment: Could I borrow a tenner, my son?

clock

Aegon Ireland's Colin Bell says early advice pays dividends in retirement...

One in five people will turn to offspring for financial support in retirement, according to figures released by the Global Retirement Index. This paints a terribly stark picture for those in their forties and fifties, currently working hard to make ends meet and save enough for their twilight years. To ask for help from children is tough, but to continue working beyond retirement could be even worse and have serious health implications for some. Indeed, those who aren't turning to their children are often deferring their retirement instead because they simply do not have enough money. 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 Pensions

One year on: Abolished lifetime allowance still throwing up advice queries

One year on: Abolished lifetime allowance still throwing up advice queries

Scheme-specific lump sum queries

Andrew Tully
clock 24 April 2025 • 4 min read
Government to set up small pensions pot consolidator

Government to set up small pensions pot consolidator

Pension Schemes Bill measure will reduce admin costs and boost pots

Jonathan Stapleton
clock 24 April 2025 • 3 min read
Pension engagement only way to cut 'retirement anxiety'

Pension engagement only way to cut 'retirement anxiety'

Verona Kenny says industry has ‘moral duty’ to push engagement

Jenna Brown
clock 23 April 2025 • 3 min read