Third of over-55s spend more time choosing a car than preparing for retirement

Victoria Tichá
clock • 2 min read

More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, finds Legal & General (L&G) research.

Just around a third of retirees (32%) spend less than a week to make a decision on their pension income arrangements, compared to 40% who said they spend over a week to purchase a new car. This ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Pensions dashboards could lead to more than £2bn in lost savings by 2030

Pensions dashboards could lead to more than £2bn in lost savings by 2030

Research finds two-fifths of savers likely to use dashboards to carry out a pension transfer

Martin Richmond
clock 13 November 2024 • 3 min read
Will VfM reforms deliver what the DC industry needs?

Will VfM reforms deliver what the DC industry needs?

Jacqui Reid says there are two significant problems with the FCA’s proposed approach

Jacqui Reid
clock 13 November 2024 • 4 min read
L&G selects IFM Investors as infrastructure manager for DC private markets fund

L&G selects IFM Investors as infrastructure manager for DC private markets fund

Partnership will see L&G invest 19% of PMAF assets with IFM

Jonathan Stapleton
clock 13 November 2024 • 5 min read
Trustpilot