Forward Thinking in action

 

 

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Interim Report 2007

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Forward thinking in action

Futures on hold: Excuses for failing to plan for retirement

  • “It will never happen to me”
  • “I never really think about my pension or saving for retirement”
  • “I don't understand retirement and its issues”
  • “I think it is boring”

Research by Aviva reveals that 32% of Britons delay their retirement plans because they don’t understand the jargon.

Some 20% think retirement is too far off to worry about, and 14% haven't thought about their future at all yet. As a result, 65% do not feel financially prepared for retirement.

Among financial decisions, most people in the UK rank planning for their retirement only fourth after buying a car, booking a holiday, and buying or renovating a house.

To help resolve this problem, www.makesenseofit.com has been launched by Norwich Union. The website provides access to a jargon-free, unbiased planning resource to enable people to make informed financial decisions for retirement.

For more information on planning for your retirement visit www.makesenseofit.com

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