Twelve Percent Retiring With No Pension
Did you know that it is projected that one in eight people will be retiring this year with no pension? A tenth of the people in 2018 will be reliant on solely the state pension, and it has been shown that they will be receiving less than the income required to support an acceptable living.
A retirement income expert, Stan Russel, has given his input on the matter and said:
“While the state pension is an important part of retirement income, it shouldn’t be the only part and those still in work should if at all possible be contributing to a pension and saving towards their retirement.
“It is never too early to start saving into a pension and even a small amount each month can make a difference and help from a professional financial adviser can be invaluable in helping plan for retirement,”
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