Reconsidering retirement?

You’re not alone The pandemic has rendered retirement unaffordable for many people.

A recent study9 found that 15% of those over 50 years of age and still in work, plan to delay their retirement by three years on average, while a further 26% stated that they now intend to continue working indefinitely as a direct result of the coronavirus crisis – a total of around 1.5 million people.

The financial situations of many workers may have been constricted over the last year or so, impacted by possible weaker investment returns and a labour market which is under pressure, with many experiencing job losses. Mature workers may be facing limitations for well remunerated ‘second act’ careers, combined with the prospect of longer life spans, to find that retirement is going to be a more costly period.

Review and recalibrate

Before making any firm and fast decisions, you should first gain a better understanding of your financial situation by conducting a thorough review. The New Year period provides the perfect opportunity to take stock and build foundations for a better financial future. We can assist you in finding the best way forward for your retirement, whatever your situation. 9 Legal & General, 2020

It is important to take professional advice before making any decision relating to your personal finances. Information within this page is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK.

Tax and Estate planning are not regulated by the Financial Conduct Authority

The value of pensions and investments can fall as well as rise. You may get back less than you invested.

Will writing is not regulated by the Financial Conduct Authority. 

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