Retirement Income  

62% nearing retirement don't have plan in place

“Planning for retirement can feel daunting. It is a big life decision, and working out the financial side can seem complicated. However, it’s precisely because it is so important that it’s worth thinking about properly," added Norton.

“The later you leave it, the more expensive retirement is likely to be, the fewer options you may have, and in some unfortunate cases it may simply be too late to achieve the kind of lifestyle you may want."

Article continues after advert

alina.khan@ft.com