Jamie Smith: Advice essential for pandemic-panicked retirement savers

Market turmoil erodes trust

clock • 4 min read

As we know, it is a dangerous game trying to time the markets but quality advice should mean clients' retirement goals are less likely to be disrupted due to coronavirus, writes Jamie Smith

Before the current pandemic hit, we undertook research into the retirement trends of consumers, asking questions around how and when people would like to retire as well as what their main retirement concerns were. Perhaps unsurprisingly, the overwhelming concern for three in five (60%) was running out of money. Not being able to enjoy the lifestyle they want, as well as worries around health, were also major concerns. In addition, we learnt that the average age people would like to retire was 63, while the age they expected to actually retire was 65. Only a third (33%) said they had p...

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