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Planning Retirement
The time when retirement was a fixed point in time is fast vanishing. Flexible working, the
availability of part time positions and the change in pension regulations have all led to a more fluid
retirement model.
Hardly surprising then that research from Aegon has revealed that only 51% of people stop working
in accordance with their retirement plans. On the plus side, the availability of flexible working
patterns means that some people can continue to reap the identified mental and physical health
benefits of working into later life.
However, the report also reveals that ill-health or redundancy is forcing 38% of people to retire
earlier than expected and this coupled with the rising state pension age can have a limiting effect on
post retirement lifestyles. Commenting on the report Stephen Cameron, Aegon’s pension director
highlighted the importance of pension planning as a means to enable people to optimise their
retirement income.
If you’re looking for pensions or investment advice, or if your situation has changed and you may
therefore need to review your existing pension provision, contact Beckworth by using one of the
links on our website.
Call us today: 01392 678 555