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 ...

Why it’s important to prepare younger generations for retirement

We hope you feel confident in your financial security, including the provisions you’ve made for retirement. But have you ever spoken to your children or grandchildren about their pension or retirement plans? Research suggests their expectations could be far higher than the reality. According to a report from Scottish Widows, the average worker in their 20s faces an annual shortfall in retirement income amounting to £6,500. It’s a sum that could have a significant impact on financial security or affect retirement plans. The gap will be even wider ...

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 ...