Every week there is more worrying news about the future for retirees. From ongoing political debates about increasing the retirement age, to the rocketing cost of living requiring us all to save more or work longer, it’s all a reminder of the advantages of a private pension. If you’re in a younger age bracket with decades to go before retiring it may not seem like a top priority, but financial experts say that it should be. We asked Lisa Bardell (Business Partnership Manager at Options UK) to give the 5 top reasons why everyone in the Gen Z and Millennial age groups should consider making plans NOW!
1: Start saving today!
Lisa: Yes, I know this is easier said than done when inflation and the rising cost of living is putting more pressure on finances. That’s especially so for young people starting their careers on lower salaries, paying for their education, or saving to get on the property ladder.
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.