Running out of money tops list of retirement concerns

While recent high inflation, the cost-of-living crisis and economic volatility have put real pressure on many people’s finances, research from NextWealth’s Managing Lifetime Wealth report, sponsored by Aegon, has found a deeper concern among retirement clients: the fear of outliving their savings. The research, found that 71% of advisers reported the number one retirement worry amongst clients is…

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Cost of ‘moderate’ retirement increases by a third

A new report from the Pensions Policy Institute (PPI) has found that people hoping to enjoy a ‘moderate’ standard of living in retirement could need over a third more income, The latest update reveals that a moderate living standard in retirement could cost a single person £31,300 in 2023/24, up 34% from £23,300 a year…

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