It’s Pension Awareness Day and research from @MoneyPensionsUK shows over half of recent retirees wish they’d started planning their retirement finances earlier. Book a free telephone appointment with Pension Wise to start planning yours now: 0800 138 3944
Retirees urge Gen X to seek guidance on how best to organise their retirement finances, after wishing they had. Join the Pension Wise drop in session 18th September 11am-12pm or book a telephone appointment 0800 138 3944
37% of over-50s leave retirement finance planning until just two years before stopping work. Join the Pension Wise drop in session on 18th September 11am-12pm to talk about your pension pot options sooner rather than later
Link to Pension Wise drop in session: https://app.livestorm.co/pension-geeks/a-pause-for-pensions?utm_source=Livestorm+company+page
3 million over-50s will leave planning retirement finances to final two years before stopping work
· Over a third of over-50s leave retirement finance planning late or won’t plan at all
· Half of those recently retired advise Gen X to start planning earlier
· 35% of retirees said they left planning to the last two years or didn’t plan at all
Over a third (37%) of over 50s are leaving their retirement financial plans until their final two years before retirement or won’t prepare at all, according to research from the Money and Pensions Service (MaPS).
This year will see the highest number of people in nearly two decades reaching pension freedom age with some 940,000 people turning 55.1 With the economic downturn and effects of Covid-19 impacting the finances of one in three 50-70 year olds, it is more important than ever to plan ahead.