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07 November 2012 09:19
Some 26% are planning an extended trip overseas, like a cruise
Almost three-quarters of people over the age of 60 have already made plans for their retirement, according to new research from Age UK. The seniors charity said 74% of the over-60s had an eye on things to do after they retire, with 26% requiring seniors travel insurance in anticipation of taking an extended foreign holiday, 20% looking at refurbishing their home, and 16% expecting to take up new hobbies to fill their spare time.
However, not all of those polled shared that optimism after 29% expressed concerns about their ongoing financial uncertainty, with poor savings returns and slumping annuity rates making a comfortable retirement a less likely prospect.
Gordon Morris, managing director of Age UK Enterprises, said: "Our survey shows that many people nearing later life are excited about their retirement and keen to make the most of it, but the financial crisis could put their ambitions at risk. In this challenging economic environment it is more important than ever to properly plan ahead to maximise income in retirement, so that the needs and aspirations of later life can be met."
17 March 2020
Escape it all with a visit to one of the world's hidden island gems.
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02 July 2021
It's time for some Mediterranean sun and unforgettable sights. Here are five of our favourite must-sees in Malta.
Take your pick of the best beaches in Portugal, spanning more than 500 miles of the Portuguese coastline.
Holidays are back but not quite as we know them. Here's a quick guide to what to expect when travelling to and from green list countries.
28 February 2020
From tulip-filled trips to rose-tinged rests, these destinations are the perfect way to see in the new season.
04 January 2021
Join us on a journey to Ancient Greece to discover more about history's most revered statue.
Head north for a light show like no other. Discover how you can see the Northern Lights for yourself.
Discover more about the magnificent waterfall perched on the border of Zambia and Zimbabwe.
10 December 2020
Don't sleep on the world's most impressive dormant volcano.
A destination that stands head and shoulders above the rest.
19 November 2020
Take a tour of one of South America's most captivating natural landscapes.
Discover the hidden depths of the world's most recognisable desert gorge.