AD FEATURE: Here's how midlifers in London are preparing for retirement
Across the UK, we are living longer than previous generations, with one in three children born today set to live to their 100th birthday. This has big implications for things like the State Pension system – which provides valuable income for those in retirement. Many people are uncertain what the future might bring, with half of people under the age of 50 believing that ‘there probably won’t be a state pension’ by the time they retire. 1 People of all ages must start thinking differently about how they are preparing for retirement, and what they want their journey towards it and their future life to look like, otherwise too many will be left unprepared. New analysis from Phoenix Group, the UK’s largest long-term savings and retirement business, shows just how on track people of different ages are, for retirement. The Retirement Readiness Index explores people’s prospects for work and saving, both today and into the future, showing the challenges that individuals face depending on ...