17% of UK adults do not save for their retirement lives. A significant portion of Brits do not know how much they’ll get in state pensions.
This lack of knowledge can affect your retirement planning.
Let’s discuss some key findings from a research report and see how you can start saving for your retirement at 55 or above.
Key Findings
It’s alarming to find that around one-sixth of UK residents aged 55 or more have no retirement savings other than state pension plans at all and may have to turn to expensive products such as equity release, second mortgages or other short term loans to help supplement their income.
STM Group plc (LON:STM) is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group was formed as a strategic investment company specifically to build a leading financial services group originally operating in the international corporate and trustee service provider (CTSPs) sector.