Retirement Planning - UK - January 2018
“As people continue to live longer and the government moves to limit the burden on the state, effective retirement planning will become more important than ever before. Older people are working for longer, whether out of necessity or choice. Initiatives such as the Pensions Dashboard will help encourage people to save more, but there is a tendency to rely too heavily on others to help fund retirement.”
– Patrick Ross, Senior Financial Services Analyst
This report examines the following issues:
- Working later in life is becoming an accepted norm, particularly for women
- Relying on friends and family in retirement may undermine other planning
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