Do our later life dreams really become retirement reality?
Taking the necessary steps towards a fulfilling retirement
UK adults aged 50 and above were asked about their retirement dreams and whether they had turned out as planned. The survey revealed various insights into retirement hopes, realities and the importance of preparation[1].
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Gap in knowledge and uptake of Power of Attorney
Protecting individuals and facilitating smoother decision-making processes
Recent data highlights a concerning gap in knowledge and the uptake of Power of Attorney in the UK[1]. While 95% of adults know of its existence, only one in three truly understand how it is utilised in practice.
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Retirement challenges faced by women
Nearly half of women aged 50-65 plan to continue working in some capacity after reaching the State Pension age
Years of gender-based earnings disparity have resulted in a significant pension savings gap between men and women, leaving many women in their 50s and 60s financially precarious. According to analysis, women are more than twice as likely to rely on financial support from their partner[1].
Millions may have to rethink their retirement plans
More than one in ten have mortgage debt in the final decade before they retire
Two-thirds (67%) of Britons admit to having debt that is weighing them down, according to a recent study[1]. Additionally, nearly one in ten (9%) adults in the UK are unsure about the amount they owe in outstanding debts, rising to more than one in six (16%) among those aged 45 and over.
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How much will I need to live on in retirement?
Planning for your life after work to ensure a financially secure future
Retirement planning is an important step to ensure a financially secure future. When calculating how much you’ll need to live on in retirement, there are various factors to consider. Everyone’s circumstances are different.
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Professional financial advice, where’s the value?
Making more informed decisions about money leads to better financial health in the long run
We readily trust medical professionals with our health and legal professionals with complex legal matters. Yet, some people hesitate when seeking advice on financial matters. This might be attributed to a few different factors.
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