Do you flounder around when it comes to focusing on financial planning for your retirement? If so, you’re in good company – 47% of working age people are a bit lost when it comes to getting their retirement planning on track2 .

Just over a quarter (28%) feel secure in their understanding of how to manage their pension in the approach to retirement, while only 27% have an idea of what a ‘good’ amount of pension savings is for someone of their age. Rearing its ugly head again is the gender pension gap. Women are almost twice as likely (21%) to say they feel completely ‘on the back foot’ than men (12%). In addition, women are more than twice as likely to lack understanding of how to manage their pension in the approach to retirement (34% of women vs 14% of men).

Approach retirement with confidence

Mary Harper, a Managing Director at Aviva commented, “It’s very easy to put thoughts about later life to the back of your mind but investing time in thinking and planning ahead can make a world of difference to your options… evidence suggests that people who access financial advice are, on average, tens of thousands of pounds better off in the long-term.” We can provide advice so you can approach your retirement with laser focus.

2 Aviva, 2021