Older workers underprepared for retirement

Retirement can feel like a daunting milestone, and for many older workers, getting ready is still a challenge. A recent survey¹ found that only four in ten working people aged 60-69 feel prepared to retire. Among the more than three million workers in this age group, over a third say they do not feel ready.

Even among those aged 65–69 who are still working, 31% report feeling unprepared. Planning for life after work involves a series of important decisions, from choosing the right time to retire to managing the transition into a new routine. Beyond finances, it’s about lifestyle, purpose and wellbeing – finding the balance between security and enjoyment.

Taking the time to review your pension, savings, and plans can make the process less overwhelming. With careful preparation and thoughtful guidance, you can approach retirement with confidence, ensuring the next chapter of life is both secure and fulfilling.

¹Just Group, 2025

It is important to take professional advice before making any decision relating to your personal finances. Information within this article is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored advice and is for guidance only. Some rules may vary in different parts of the UK.