Nightmare retirement: the British cannot save enough money for a happy life

The main question that interests all people before retiring: is my savings enough for a normal life?

James Walker interviewed 10,000 pensioners about how they felt after the long-awaited vacation, and the answer was almost always the same: "I am not sure that I have enough savings".

A recent study, during which more than 10,000 Resolver users were interviewed, showed striking results. Respondents were asked about how they felt about retiring. Half of the respondents were concerned that they had accumulated too little money for retirement, while the second half did not accumulate anything for a happy old age.

Respondents said that additional sources of income were needed to accumulate pensions, since monthly deductions from wages are not enough. In addition, 40% said that the pension scheme is too complicated, so they could not figure it out. Also, many providers of pensions charge huge fees and commissions for managing pensions.

James Walker believes that the state should simplify the pension system and provide the British with quality financial advice. In turn, the British should not be afraid to complain if they understand that they are being misled in any way according to pension.

If you want to consult on pension issues, it is best to ask for help from Pensions Advisory Service. Here you will get a better pension scheme, and also will be told how you can save every year without taxes.

If you have reached the retirement age or want to know your prospects, you can get a free consultation at Resolver. Also, you can file a complaint about pensions.

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