Pre-retirees are considering momentous changes to their retirement planning to stay on track with their desired lifestyle outcomes as the cost-of-living crisis continues to force changes of direction, according to Royal London.
The mutual's latest survey of over 55s - published today (14 November) - found an increasing number were considering working in their retirement, with 30% having already made changes to their retirement plans. The large majority (71%) told Royal London they are "yet to achieve their life goals" with 40% citing money as the dominant barrier. Over a third (38%) of the pre-retirees said the current economic situation has led them to worry about having enough money in retirement, with 39% said they are concerned they will not reach their retirement plan goals. According to the Pensions...
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