With financial situations worsening, many plan to delay retirement

Several recent surveys reveal that the financial impact of the pandemic is forcing many employees to rethink their retirement plans.

Several recent surveys reveal that the financial impact of the pandemic is forcing many employees to rethink their retirement plans.

A new Willis Towers Watson survey of nearly 5,000 U.S. workers conducted in October found that one in four expect to delay retirement, including more than a third of employees aged 50 or older (35%) who plan to retire at age 70 or older. Moreover, nearly a third of employees in the same age cohort (31%) admit they will need to save more for their retirement.

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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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