Personal Finance News

01/11/12 - Money advice in increasing demand, says study
31/10/12 - Payment barriers exist for disabled and older people, says study
31/10/12 - Gender differences apparent when financial planning
31/10/12 - Half of Brits shop with a basic credit card, says study
30/10/12 - Number of Brits sitting on forgotten direct debits - 2.68 million

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This Week's Personal Finance News Update

01/11/12 - Money advice in increasing demand, says study
31/10/12 - Payment barriers exist for disabled and older people, says study
31/10/12 - Gender differences apparent when financial planning
31/10/12 - Half of Brits shop with a basic credit card, says study
30/10/12 - Number of Brits sitting on forgotten direct debits - 2.68 million
30/10/12 - More than half of parents are unaware of Junior ISAs
30/10/12 - Over 80% of advisers name 'cost & administration' as top employer concern
30/10/12 - Brits left with £1.4bn repair bill during 'mischief week'
29/10/12 - East of England landlords at apex of yield chart
29/10/12 - Buyers more optimistic about Scottish property market

News

09/08/2012 13:29:46

Ageing population needs to plan for retirement, says AXA

With Office for National Statistics (ONS) figures showing that by 2033 large parts of the UK will have an average age in excess of 40 years, AXA has urged people to start thinking about their retirement income.

The wealth management company's own figures show that 58 per cent of consumers did not seek any professional financial advice before retiring and 45 per cent had no idea what pension benefits they would receive in retirement - putting themselves at risk.

In response to these statistics and the ONS's age forecast revealing that the UK has an increasingly ageing population, Andy Zanelli, AXA Wealth's head of retirement planning, had the following retirement advice: "It is vital that people plan ahead and seek professional advice early.

"This will allow them to better understand the options available to them and make informed decisions for the future."

Mr Zanelli also called on the government and the pensions industry to address the issue.

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