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New research from Canada Life has found that almost a third (31%) of UK homeowners over 40 who are not yet retired plan to work beyond their state pension age.
Canada Life has published data from its annuity sales which shows ‘money-back’ guarantees now account for over one in ten (15%) of plans sold.
Only a quarter (24%) of homeowners over 40 say they will retire at the state pension age
Almost a fifth (18%) of homeowners over 40 say changes to state pension legislation have affected their retirement planning
The global pandemic has prompted UK adults to draw up important legal documents relating to their death and end of life care for the first time.
5.8m UK adults have thought about or taken out a life insurance policy since the beginning of the pandemic
Over a tenth (12%) of UK homeowners aged 40 and above would consider releasing equity from their property to supplement retirement income
Survey shows 65% of Covid-19 sufferers go on to experience ‘long-covid’ symptoms
The total number of funds available on the Retirement Account now stands at more than 2,200