. PhoenixGroupUK new pensions heatmap shows just how well different UK regions and cities, like Manchester, are preparing for retirement. It’s time to talk more about it ad
Whatever your plans for retirement - if you even plan to retire at all, it’s important to be prepared for your later years and take time to really think about all the options open to you.
In the current financial climate it is even more vital to consider the longer term and what happens once you finish working, even if you are not sure exactly what that will look like. A new heatmap, the first of its kind and created by Phoenix Group, has exposed regional imbalances in preparations for retirement, as the UK grapples with addressing the pensions savings gap.
“Different parts of the country are facing very different challenges, whether that’s the cost of living, opportunities at work, or access to information and advice.” Phoenix Group wants to use the heatmap to open up fresh debate and inspire decision makers and regulators to take action to make quality longer lives a reality for all. It is also encouraging individuals, employers and the government to take a closer look at financial security.
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