Just a quarter of those approaching retirement use, or plan to use, regulated financial advice

25th July 2022

Aged from 58 to 75, baby boomers account for about 20 per cent of the UK population yet control nearly 80 per cent of the private wealth. For at least the next 10 years boomers will hold a high percentage of all current pension assets in accumulation and decumulation. Retirement technology provider Dunstan Thomas conducted a nine-month, UK-wide study into this significant generation’s preferences leading up to and into retirement.

Nearly half (44 per cent) of the 1,272 respondents to the new Dunstan Thomas survey were still working in some capacity. The results of the study show that of those boomers still employed, 71 per cent anticipate working beyond state pension age to 70 or more, with a third continuing to support their children well beyond retirement.

Read the full article here Read our Baby Boomers Report here