Four fifths of over-50s (42%) have reduced their working hours or plan to as they approach retirement. 85% of over 50’s expect to use their State Pension to fund part of their retirement. One in five (19%) of those who have or plan to purchase a fixed term annuity do so to help plug the income gap
Three quarters (75%) of over-50s say the ability to use their pension savings to bridge any income gap between reducing their working hours or fully retiring and the State Pension kicking in is important to them, according to new research from […]
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