Pension Awareness Day

15.09.20

Pension Awareness
It’s Pension Awareness Day and the NPC are backing the campaign to raise awareness as research from @MoneyPensionsUK shows over half of recent retirees wish they’d started planning their retirement finances earlier.
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.
To view further details and tips for Pension Awareness and their other events please go to:
https://www.npcuk.org/post/pension-awareness
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