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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 provider. Its mission is to transform retirement, savings, and financial well-being, across all generations, around the world.
Smart partners with financial institutions (including broker-dealers, RIAs, retirement providers, insurers, asset managers, banks) and financial advisers to deliver retirement savings and income solutions that are digital, customized, and cost-efficient.
Smart, founded in the UK, operates in the USA, Europe, Australia, and the Middle East with over a million savers and over $5 billion in assets. Smart saw over 2,000% growth in assets on its platform since 2018.
Legal & General, J.P. Morgan, Fidelity International Strategic Ventures, Link Group, Barclays, Natixis Investment Managers, Chrysalis Investments, DWS Group and Aquiline Capital Partners are all investors to date in Smart.
For more information, please visit www.smartretire.com.
Media contact for Smart:
Maria Stenina
VP of Promotions Marketing – US
maria.stenina@smartretire.com