Thursday 23 August 2012

44% of 55-64-year-olds don't know when they'll retire

Press Release from Barings Asset Management via TAEN Site news

More than 2.1 million British adults aged between 55 and 64 (44% of non-retired GB adults in this age group) do not know when they will be able to retire, according to new research by Baring Asset Management (“Barings”), the international investment management firm.

The study found that nearly two fifths (38% or 13.5 million people) of all non-retired Brits do not know when they will be able to retire while 12% (equivalent to 4.3 million people) do not plan to retire at all. The results of this year’s survey are in stark contrast to the results from before the financial crisis in 2008. Back then, 100% of non-retired respondents were confident that they would retire, with only 1% saying that they did not know at what age they would be able to do so.

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