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Workers fail to plan for retirement

3rd June 2016

A third of workers do not have a retirement plan, research by Aegon has found.

The survey of 14,400 employees and 1,600 retired people across 15 countries found that workers are not setting up a financial plan for their retirement.

Findings show:

  • 38% of workers globally do not have a retirement plan
  • 42% of women don't have a retirement plan
  • 58% said they would include savings in their financial plan.

Across all countries surveyed, people expect the 46% of their retirement income to come from a government retirement scheme – such as the state pension in the UK.

When asked for solutions to improve retirement funding, 31% said that the government should increase funding through taxes while reducing the value of individual payments.

Talks to us today to discuss retirement planning.

Click here for ICAEW website  Click here for SAGE website