Aviva reports that most British people have a head-in-the-sand attitude to pensions and that few people start “actively thinking” about pensions until they are 48 years old, and take another four years before they do anything about it.
One of the chief barriers to planning for retirement is that most people remain confused by pensions information and the variety of pension arrangements and schemes.
An Aviva researcher found that people finding figures tricky to understand, or even to think about, put their pension plans on a mental back-burner until in the mood to deal with them. He added, ‘’sadly, they never feel in the mood, so nothing gets done.’’
Our aim at MFP Wealth Management is to help you overcome these barriers. We will explain what the figures mean in plain English, and take the hassle out of understanding your pension plans. What’s more, we’ll make sure we understand what your pension is designed to deliver – what future goals will your pension allow you to achieve? What kind of lifestyle will it enable you to live? We’ll help you give your pension a meaning – a future purpose.
Don’t be one of the thousands of over 55s having to work longer. Give us a call if you’d like to talk about your pensions.