Almost a fifth of Brits aim to spend 'every penny' of retirement savings

Mark Battersby
clock • 2 min read

Almost a fifth of UK adults (17%) who have received financial advice are prioritising making sure they can spend every penny of it in retirement without fear of running out, according to new research by Canada Life. More than 1 in 10 (13%) will also consider how much of their children's inheritance they can spend in retirement. However, almost a quarter of respondents (23%) are prioritising building their savings in retirement, a sign that many could be worried about the current suitability of their retirement income. The most common priority amongst more than half of those who ha...

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