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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."
14 August 2018
Passengers arriving at Heathrow Airport last month faced queues of over two and a half hours at passport control, new figures have revealed.
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11 August 2018
Hundreds of Ryanair flights will not take off as planned on Friday due to pilot strikes in five countries.
10 August 2018
Fad diets that cut out carbs while increasing fat consumption could lead to an increased risk of diabetes, according to new research.
09 August 2018
HIV testing has become even more accessible after a self-testing kit was made available from a High Street retailer.
08 August 2018
Women patients are more likely to survive a heart attack if they are treated by a female doctor, a new US study has revealed.
07 August 2018
The head of British Airways has branded two-hour queues facing travellers at Heathrow's passport control as a "border farce."
04 August 2018
Simple factors such as gender and body mass can help doctors to personalise care for patients with type 2 diabetes and avoid harmful side effects, according to a study.
03 August 2018
Gatwick Express must no longer claim it runs "non-stop to Victoria station in half an hour" and "in just 30 minutes" unless it can achieve the time in most cases, a watchdog has ruled.
02 August 2018
A charity is calling for greater access to respite support after it emerged that 72% of Britain's 700,000 young carers feel lonely and isolated during the summer holidays.
01 August 2018
A plan to build new rail links with Heathrow Airport and connect Windsor's two train stations have been submitted to the Government.
31 July 2018
The head of International Airlines Group (IAG), the company that owns British Airways, is 'optimistic' about a legal challenge to end crippling strikes.
27 July 2018
UK holidaymakers heading on staycations this summer could be losing out on millions of pounds worth of savings by booking train tickets at the last minute, a study has revealed.