View more on these topics

Poor health is main factor in retirement

Poor health is the single biggest factor triggering retirement, says Skandia.

It surveyed 1,641 people aged 50-67 and found that half of the 825 who had retired had been forced into retirement due to poor health.

Only 3 per cent retired because they could afford not to work, which Skandia says highlights the importance of saving into a pension at an early age and having suitable protection insurance.

Eighty-four per cent of the retired people retired before reaching state retirement age but almost half of those who had retired say that it had not been their choice to retire when they did.

Nearly 20 per cent say they had retired because they had had enough of work, 10 per cent were given an early retirement package by their employer and 8 per cent retired because they were made redundant.

Forty-two per cent are concerned they would not have enough money to live comfortably on in retirement.

Head of pensions marketing Nick Bladen says: “Half the people in this survey found that ill health is not just something that happens to other people and there is a high chance that if people are forced to retire early, financial worries are going to be top of the list.

“This is all the more reason to start planning for retirement well in advance and for people to make sure that they are prepared for the unexpected.”


The switch to service

I joined Arden Court as an adviser in 1999 when there were a total of three other advisers and one administrator.At that time, the firm was fairly new and most of the income generated was in the form of indemnity commission to support the cashflow of a growing business.Eight years on, the business has grown, […]

Magical mystery tour

Is it possible to have too much openness in financial services? Almost never, I would argue, which is why the Information Commissioner is proving to be a godsend.

Into Africa

Jamie Allsopp is manager of the successful New Star hidden value fund.

Where Will she go?

This week has seen the shock announcement that Linda Will, managing director at Accord Mortgages, has left the lender. The move – which took many brokers in the mortgage market by surprise – has led to speculation over where her next role will be.

Auto-enrolment: tips for employers

The Pensions Regulator (TPR) has released advice on communications for employers, including three tips to help you with your auto-enrolment duties. 1. Allow enough time to select your pension schemeIt’s recommended that you start to prepare for auto-enrolment at least 12 months in advance of your staging date; additionally, give yourself time to choose the […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm