5 reasons to delay retirement that aren’t related to your finances

When we look at reasons to continue working past traditional retirement age, it’s often money and pensions that are the focus. Yet, retirement has changed and there are many other reasons why you may decide to continue working in some way past the traditional retirement age. Research conducted by Aegon looked at global views on retirement. It found that half of Brits readily see themselves delaying retirement and continuing to work beyond the age of 65. In contrast, just 22% of workers in France see this future for ...

What are your options if you’re approaching retirement with debt?

With income from regular work stopping when we retire, being debt-free at this milestone is often a goal. However, it’s not always possible. Whether you still have a mortgage or credit cards, it can be worrying to enter retirement with debt still to your name. However, there are likely to still be many routes you can choose and still be financially secure. If you find yourself in this position, you’re not alone. The fact that the first-ever retirement interest-only mortgage, that’s fixed for life, launched this year, highlights how many retirees are ...

How far does the State Pension go?

For many people, the State Pension is an important part of creating a retirement income. Whilst you are hopefully taking other steps to boost this income, such as contributing to a Workplace Pension or investing for the long term, understanding what the State Pension provides is crucial. As the State Pension provides a reliable income, it can be used to provide some stability to your income. This is particularly important if you’re saving into a Defined Contribution pension and choose to take an income flexibly. It may not make up the bulk ...

One in four retirees returning to work driven by financial struggles

In 2015 Pension Freedoms were introduced to give retirees far more flexibility in how and when they access their pension savings. But, along with additional flexibility came the responsibility to ensure that it lasts throughout retirement. Worryingly, research indicates that financial pressures mean a quarter of retirees are struggling. Pension Freedoms mean the majority of people can start accessing their pension from the age of 55 (rising to 57 in 2028), a point in life where many are still working. Retirees can then choose from a range of options when ...