Covid pushes back UK retirement plans

Average two-year delay

John Brazier
clock • 2 min read

UK over 50s primarily concerned with wider economic impact of the pandemic

Covid-19 has caused around one-in-five people in the UK to delay their retirement plans, highlighting the scale of the UK's financial vulnerability during the pandemic. Research from the British Seniors State of Retirement Report from that around 22% of UK adults have had to postpone their plans, while 77% of over 50s said that the pandemic has "severely impacted" retirement plans. The pandemic has created an average delay of two and a half years, based on a survey of 1,500 people aged over 50. The report found less than half (48%) of those surveyed believed they would be able to r...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

The Right Mortgage and Protection Network adds protection aid for advisers

The Right Mortgage and Protection Network adds protection aid for advisers

The Shortfall Needs Analysis Calculator

Jaskeet Briah
clock 21 November 2025 • 2 min read
A direct comparison

A direct comparison

Why advisers need to be in the know on D2C plans

Alan Lakey
clock 17 November 2025 • 3 min read
The COVER Review: NHS waiting list, group protection and advice processes

The COVER Review: NHS waiting list, group protection and advice processes

Week commencing 10 November 2025

COVER
clock 14 November 2025 • 1 min read