Near-retired 'envious' of current retirees' pension wealth

1 in 8 not saving for retirement

Hannah Godfrey
clock • 1 min read

Pension savers in their final years of work admit to being jealous of the pensions and lifestyles of those who have already retired, research from Prudential has found.

Those not yet retired are concerned they won't be able to match the living standards of current retirees, with 54% saying they will be worse off when their times comes to give up work.   The pensions provider found half (50%) of the 744 respondents to its survey who are in the final 10 years of work admitted to being jealous of the older generation's pension wealth. At the same time, while just more than a quarter (27%) of those pre-retirees have been saving into a pension since they started work, one in eight (16%) admitted they are not saving into a pension at all. However, the r...

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

Advisers warn market volatility will threaten retirement plans

Advisers warn market volatility will threaten retirement plans

More than half expect clients to postpone or change plans

Isabel Baxter
clock 26 March 2024 • 2 min read
Perfect timing: How to advise clients on the right time to retire

Perfect timing: How to advise clients on the right time to retire

Striking a balance between health, wealth and personality

Richard Hulbert
clock 05 February 2024 • 4 min read
Baillie Gifford: Enjoying later life without an income from work

Baillie Gifford: Enjoying later life without an income from work

The latest from PA’ Digital Working Lunch webinar series

Professional Adviser
clock 12 December 2023 • 2 min read