Wednesday, 11 August 2010

Money is the biggest worry for the 50+'s

According to new research from Scottish Widows. Although one does not wish to be cynical there is always a potential conflict of interest when you have pension providers telling us that we all need to save more in pension funds.However, that said data from their inaugural retire-easy report showed that 56 per cent of over 50’s are worried about financial stresses when they retire.

Around 30 per cent of over 50’s were worried about missing the structure in life that came with retirement and 22 per cent in the same age bracket enjoyed their job and didn’t want to stop working.

Scottish Widows recommend that from the age of 30 to retirement age, at least 12 per cent of your salary should be put in your pension pot to ensure an adequate income when retired.

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