UK Unprepared For Retirement

A new survey by HSBC has found that only 39% of people in the UK have a retirement plan which is less than both China and Malaysia.

The survey question 17,000 people from 17 countries and was able to find that 84% of people in Malaysia had a financial plan.

The National Association of Pension Funds said: “We must begin to think differently about the way we approach financial planning for retirement.”

At debt advice charity Debt Support Trust we are not suprised by these statistics as millions of people are struggling to manage day to day, making it difficult to consider their long term financial future.

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed (Scotland)

Refinance

Bankruptcy

Sequestration

Debt Management Plan