Pension awareness day retirement insights

2 min read

Are you ready for retirement?

At Wesleyan, we understand the importance of planning for the retirement you deserve. Which is why in light of pension awareness day, we're sharing the latest research from Mintel, highlighting the uncertainty that many people are facing when it comes to their retirement plans.

See some of the stats:

As a result of Covid-19, 14% of 45 to 65 year olds have been forced to change their retirement plans.
45% of all adults have (or expect to have) built up retirement savings outside a pension. This could be through savings and investments, inheritance or from the proceeds of selling property.
When compared to a year ago, 39% of working over-55s and 12% of retired 55s feel financially worse off.

Take a look at the full stats here (PDF) 215KB

Why start planning now?

Hear from our pension experts on why it's never too early to start planning for retirement:

Pensions and retirement glossary

Not sure what drawdown is? Confused by carry forward? Here we explain some of the most common pension terms.

Approaching retirement

Explore the ways you can take your hard-earned pension and find an option that suits your goals for retirement.