
Over 33m UK adults (68%) say they have put retirement planning on hold, and will not give up work on their official retirement date, according to the new Real Retirement Report by Aviva.

Over 33m UK adults (68%) say they have put retirement planning on hold, and will not give up work on their official retirement date, according to the new Real Retirement Report by Aviva.

Planned increases in the state pension age are likely to lead many to use income drawdown in their retirement planning, as they seek out ways to tap into their personal pension before they reach state pension age.

The government is to scrap the compulsory retirement age of 65, allowing employees to seek the agreement of their employer to work into their 70s.

The majority of over-50s are unaware of the upcoming changes in the minimum retirement age, and other legislation affecting their retirement planning, according to a report published this week.
Immediate action is required by pension savers aged 50, who are wishing to retire in the near future. On 6th April 2010, the minimum retirement age for taking your personal pension or company pension will rise from 50 to 55. This may catch many pension savers in their early 50s, as those who have not [...]
















