Study: 46% of couples are making joint retirement plans

Only 46 per cent of UK couples make joint retirement plans.

This is according to research by Prudential and it means 54 per cent of people could be…

Only 46 per cent of UK couples make joint retirement plans.

This is according to research by Prudential and it means 54 per cent of people could be putting the financial future of their significant others at risk.

The current situation means plenty of individuals are not guaranteed to continue to receive income after their partners pass away and this could leave them in need of long-term debt help.

Some 17 per cent of respondents admitted they are not sure what their main source of income will be when they retire, while 11 per cent will have to rely on income other than their pensions.

With one in ten women dependent on their partners in retirement, these individuals could be particularly vulnerable unless they have careful planning in place.

Vince Smith-Hughes, retirement expert at Prudential, said it is vital that individuals "put in place the most appropriate retirement arrangements" possible.

By James Francis

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