13% of retirees cut back on financial support to younger generations – Quilter
This rose to 16% among younger, higher-income retirees and 15% among those on lower incomes.
Ross Kemp and Bola Sol launch Pension Attention campaign
Coordinated by the ABI and Pensions UK, the campaign uses a fitness theme to encourage the public to check their pension plans.
33% of workers now confident about comfortable retirement – Aegon
Confidence levels were highest among younger workers and men, with 55% of 25-34-year-olds feeling confident compared to 14% of those aged 45-54.
Most women lack financial confidence in retirement planning, research reveals
Research from LV= found that over half (52%) of women in the UK had never held an investment product, compared to a third (34%) of men.
Most workers delay retirement saving for short-term goals – Fidelity International
Younger workers aged 18 to 34 were mainly focused on buying a home or covering daily expenses, with only 15% thinking about retirement.
Majority of people face retirement with insufficient savings – interactive investor
The Great British Retirement Survey looked at issues like savings gaps, pension knowledge, working later in life and the Great Wealth Transfer.
Only 43% of households have enough pension savings for retirement – Hargreaves Lansdown
The results showed the highest earning households have the largest pension adequacy gap at £64,800.
Phased retirement for teachers drops by 51% amid affordability concerns
Wesleyan’s survey found over half (52%) would consider phased retirement, but 43% were put off by worries about affordability.
27% of adults would use cryptocurrency in retirement plans – Aviva
Among adults aged 25 to 34, 18% said they had already withdrawn money from their pension to invest in crypto.
Hymans Robertson launches project to help employers tackle pension income adequacy
The firm said that companies that take action now can avoid being caught out by changes to the retirement system.
Most savers risk poor retirement without tailored support, warns regulators
Patrick Coyne, interim director of pensions reform at TPR, said: “Millions could be drifting toward an uncertain retirement."
Northern Ireland and North East face highest risk of retirement poverty – Scottish Widows
Nearly half (48%) of people in these regions could struggle to cover their basic needs when they stop working.
