Resolve to prep your pension with confidence

Do you flounder around when it comes to focusing on financial planning for your retirement? If so, you’re in good company – 47% of working age people are a bit lost when it comes to getting their retirement planning on track¹.

Just over a quarter (28%) feel secure in their understanding of how to manage their pension in the approach to retirement, while only 27% have an idea of what a ‘good’ amount of pension savings is for someone of their age.

Rearing its ugly head again is the gender pension gap. Women are almost twice as likely (21%) to say they feel completely ‘on the back foot’ than men (12%). In addition, women are more than twice as likely to lack understanding of how to manage their pension in the approach to retirement (34% of women vs 14% of men).

Approach retirement with confidence

Mary Harper, a Managing Director at Aviva commented, “It’s very easy to put thoughts about later life to the back of your mind but investing time in thinking and planning ahead can make a world of difference to your options… evidence suggests that people who access financial advice are, on average, tens of thousands of pounds better off in the long-term.”

We can provide advice so you can approach your retirement with laser focus.

¹Aviva, 2021

It is important to take professional advice before making any decision relating to your personal finances. Information within this article 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.