Trustnet Magazine Issue 12 November 2015 | Page 24

IN THE BACK PLATFORMS RETIREMENT: THE STATE OF THE NATION ing e head , are w hen we n io t a As a n ncial cliff w ? na ement , off a fi o retir t e yes m o c wer is ion ort ans The sh verage pens h ea ic h th w h it 0 w £50,00 just t f s o ju e t m po an inco y 163 u £ b would er annum (or p 8 . 5 )* ,9 £1 nth per mo 22 While most Trustnet Direct users seem well prepared for retirement, John Blowers says the same cannot be said for the majority of the UK population I ’ve become a bit of a dinner party bore as I have taken an increasing interest in retirement savings. I’ve been asking people what they’re doing about it and have been surprised to find that most are just not interested. Many say that it’s too far away and that they have better things to spend their money on. Or they have property. Or are planning to live fast and die young. Friends are starting to avoid me! Maybe it’s because I’m of that age and retirement has peeped up over my horizon. With 15 years to run and the ability to access my funds just five years away, the “amber warning light” has come on and I’m wishing I’d put more money into my pension when I was younger. Reality is dawning that retireme