Financial planning 'significantly' affects retirement confidence

Those without a detailed retirement plan have the lowest confidence

Isabel Baxter
clock • 1 min read

Financial planning has a ‘considerable’ impact on retirement confidence, Nucleus has found.

Its first UK Retirement Confidence Index which included research of 2,200 UK adults aged 50 and over by YouGov, showed nearly half (49%) of people aged over 50 do not a detailed retirement plan. The survey also found that planning significantly affects confidence. Just over half of respondents (51%) have a detailed plan for retirement. Only 20% have their plan in writing, but this does not seem to affect confidence (8.1 vs eight out of ten). Those without a detailed plan have the lowest confidence with the score being 4.6 out of ten.  Nucleus said these results "clearly indicate th...

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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

A quarter of women struggle to find an adviser they trust – report

A quarter of women struggle to find an adviser they trust – report

Only 11% of women feel very confident about retirement

Isabel Baxter
clock 05 March 2025 • 2 min read
Andrew Goodwin: Advisers should help shape the future, not predict it

Andrew Goodwin: Advisers should help shape the future, not predict it

'Disappointment erodes confidence and generates anxiety'

Andrew Goodwin
clock 04 March 2025 • 5 min read
FCA imposes restrictions on SEI's UK platform business

FCA imposes restrictions on SEI's UK platform business

SEI restricted from launching products and onboarding institutional clients

Sahar Nazir
clock 04 March 2025 • 1 min read