- 13% of UK employees fear they can’t afford to retire.
- State pension age for women set to be increased to 65 by 2018, and 66 for both men and women by 2020
- State pension age may increase to 69 by mid 2040’s if not before.
However, despite the worrying picture these findings present, many are facing uncertain future without appropriate steps to improve their situation.
There may be awareness but no adequate link to action.
cipd.co.uk/employeeoutlook
https://www.whatinvestment.co.uk/financial-news/pensions/1674963/people-fear-never-retiring.thtml
QUOTE OF THE MONTH- Definiteness of purpose is the starting point of all achievement- W. Clement Stone