More than one in ten couples over the age of 40 have never discussed their retirement plans with each other, according to research from Prudential.
The insurer found 11% of couples had avoided the subject altogether, while 19% had not discussed their plans in the last five years. Only one in ten couples over 40 have seen a financial adviser jointly in the past five years to discuss their retirement. The research results show that avoiding discussions around retirement led to a mismatch in how much money each half of a couple expects to live on in retirement. When asked separately to estimate the couple's expected joint retirement income, men said £35,100 on average and women £32,000. However, it is not just retirement plann...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes