Data released earlier this month from the Department of Work and Pensions (DWP) has revealed real concern and fear that the money saved by this segment of the market is simply going to ‘run out’. That’s partly why a record number of workers are now over the age of 50 – almost 11 million adults. That’s a rise of 32 per cent over the past decade.
Separate data from Aviva has found that 61 per cent of UK adults are worried about the prospect of a longer working life – that’s some 20 million people.
As financial planners, we know and appreciate these statistics present a challenge. People approaching 50, or in their early 50s, are right to be concerned. Many have also seen at close quarters the quality of retirement their parents have had (or still are enjoying) and wonder why that lifestyle seems out of reach.
We would implore people not to bury their heads in the sand. Sometimes it is those with fewer assets whom are most pleasantly surprised by how we can help them. As you can have a no cost and no obligation first meeting with us, you have nothing to lose.
The idea for this piece came from an article about financial planning that appeared in The Independent newspaper on 13 September. A full copy of the article can be read here.
Call Mark Fryer at Fryer Glass on 01276 301103 or email [email protected]