A recent retirement study1 from a major insurer highlights that while people are not feeling significant additional financial pressures on a day-to-day basis, the rising cost of living and the current low level of interest rates are of concern to many.
The report also reveals that 14% of respondents are now slightly more anxious than they were last year about having sufficient funds to last the whole of their retirement, and there’s evidence that the decisions that need to be taken can seem confusing.
This is where retirement planning can help. Taking professional advice can ensure that you make the most of your money in your later years. Most people will find themselves with a range of options at retirement, so making the right decisions is crucial. With life expectancy increasing, there is now the prospect for today’s retirees to spend as many years enjoying retirement as they spent saving for it. If you’d like to review your pension planning, get in touch.
1 Aviva, December 2016