Financial planning 'crucial' for prospective retirees by Finance News Bulletin

Published: 03/09/07

potential retirees should be reviewing their financial situation carefully and planning which financial avenues would best suit their needsPrudential's commentary follow a survey carried out by the group representative that a fifth of Britons say they will have to labor for the rest of their lives to make trimmings meetJust over two-fifths of Britons also believe they will be clever to stop working by the age of 65, the Prudential's report suggestsNearly one in ten Britons also speculated that they would not be able to retire until after their 70th birthday

Gary Shaughnessy, managing director for Prudential's retail existence and pensions arm, said the information from the survey made for "depressing" readingHe said that the collection would be establishing a "new viewpoint on retirement planning, which recognises and promotes the fact that non-pension savings, savings and equity in property all play a vital position in enabling people to maintain their lifestyle

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