Debt in retirement has jumped 80% from 2016, with nearly one in five expecting to stop work this year owing an average £33,900 up from £18,800 two years ago, according to research by Prudential.
Those planning to retire this year have debts nearly 40% higher than those who expected to retire last year, when retirees owed £24,300 on average. According to Prudential, the debt burden has increased...
Following Zurich acquisition
Aviva has set out its strategy to launch an investments, savings and retirement division as it seeks to simplify its overall business.
Clients and advisers frustrated by red tape
More than 4,500 retail investors affected
Failure to engage