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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."
23 September 2016
Theresa May is being urged to give the go-ahead for flights to resume between the UK and Sharm el-Sheikh by the head of the cross-party parliamentary group on Egypt.
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22 September 2016
Budget airline Jet2.com is to open its first base in the south of England at Stansted.
21 September 2016
Smoking rates have dropped to the lowest level on record in England, new figures show, suggesting messages about the health effects of cigarettes are hitting home.
20 September 2016
Concerns have been raised over flight disruptions caused by heavy drinking among passengers.
17 September 2016
British Airways' decision to launch direct flights from London to Tehran earlier this month positions Iran as one of the hottest destinations to visit in 2017, according to experts.
16 September 2016
More than 100 flights have been cancelled as French air traffic controllers go on strike again.
15 September 2016
Two thirds of MPs would support an expansion at Heathrow.
14 September 2016
TripAdvisor is launching a new homepage, making the booking of holiday activities and tours even easier.
13 September 2016
Travellers are to be charged to use fast lanes to get through passport checks in an attempt to cut queues.
09 September 2016
People travelling to regions affected by the Zika virus outbreak should practise safe sex for at least half a year upon their return, health leaders say.
08 September 2016
British Airways is apologising to passengers for delays after an IT glitch hit check-in systems.
07 September 2016
Tiny particles that are breathed in and taken into the brain through air pollution could trigger Alzheimer's disease, research finds.