Is the UK prepared for retirement?

A recent report has revealed that seven in 10 Britons have not planned for retirement and have no idea how they will cope financially.

According to the research, 16% of people take a day-to-day approach to money management and a third of the population (34%) feel totally unprepared financially for the future – or try not to think about it at all.

 

In this blog, we take a closer look at these disturbing statistics and explain why retirement planning is so important, irrespective of what age you might be. Read on to find out more.

 

Most people dream of a long, relaxed and secure retirement. Yet, despite this, latest figures suggest that 77% of Britons have no plan in place for life after work.

 

According to the study, 63% of adults live only for the moment rather than preparing for the future and more than one in four (27%) say they feel powerless over the direction of their lives.

 

One in five Britons (21%) admit to having no long-term financial plans in place, with women even less prepared than men – 39% compared to 26%.

 

At Chartered Wealth Management, we understand how perplexing it can be to know when or where to start planning financially for your retirement. However, whether it is in the distant future or just around the corner, early preparation is key to help you to enjoy the lifestyle you want after all those years of hard work.

 

There are many factors to think about. These include what age you want to retire; how much money you may need; and what you can afford to invest in now.

 

To help you shape your future for the better and enable you to enjoy the retirement you deserve, our highly-trained and experienced team of financial specialists can provide advice and guidance, clearing up any confusion you may have along the way.

 

Our ability to develop and implement strategies at speed in response to the ever-changing landscape of pensions advice is something that sets us apart from the rest.

 

Pre-retirement, we will work closely with you to discuss what your objectives are and can guide you in building a sum of money that provides you with a desired level of income. We will use our knowledge and experience to help you navigate the many route, so you are one step closer to achieving your goals.

 

Once you have made the move into retirement and have stopped working, our team will continue to assist you in the management of your income, so you can relax and enjoy your hard-earned new way of life.

 

Whether you’re hoping to start a new pension, transfer an existing pension or want to find out more about the various options that are available to you at the point of retirement, get in touch with Chartered Wealth Management today.

 

Only 10% of Britons feel in total control of their lives. Make sure you’re one of them.