It has long been thought that as UK population rises and the age expectancy of that population also increases that the state pension will have to be altered in response. It has now been claimed by the Labour Party and supporting economic experts, that working people may have to wait until there 70s to retire.
Workers want more education on retirement issues, with topics varying depending on a person’s age, according to a new survey from Partnership, a specialist provider of financial solutions for people with health and lifestyle conditions.
Today’s retirees are set on investments and savings as a viable retirement options but hold some misconceptions over what is exactly ‘secure’.