1 in 8 adults over 55 plan to delay retirement due to COVID

42% of respondents over the age of 55 say they have never received any advice on finances in retirement'

New research found one in eight U.S. adults (13%) over the age of 55 who expect to retire in the future are planning on delaying their retirement due to the Covid-19 pandemic.

When asked what age they plan to retire, 39% of the U.S. adults over 55 reported the range of 65-69 while 18% reported 70-79.

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About Smart

Smart is a global savings and investments technology platform provider. Co-founded in 2014 by Andrew Evans, Group CEO, and Will Wynne, Group MD, it is one of the UK's largest providers of workplace pensions. Its award-winning master trust, Smart Pension, is overseen by independent professional trustees.

In 2020 Smart Pension was named Master Trust Offering of the Year at the Pension Age Awards. Other awards include DC Master Trust of the Year, DC Innovation of the Year and Retirement Innovation of the Year in the 2019 UK Pensions Awards. Smart Pension was also named European Pension Fund of the Year 2019 in the European Pension Awards.

Legal & General Investment Management (LGIM), J.P. Morgan, Link Group, Natixis Investment Managers and Barclays are all investors in Smart.

We tweet as @SmartPensionUK.

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Contact the Smart press office on 020 8016 2553 or email pressoffice@smartpension.co.uk