17th November 2016

'Feeling the Squeeze', Royal London asks advisers their views

Royal London carried out a UK wide survey with 2,500 consumers age 35-44 over the summer. The survey found that over a third, 34% said their finances felt Squeezed and so were struggling to meet day to day expenses, despite 87% being aware that they need to save more.

However, the survey did also identify positive Savings Moments of Truth (MOTs) when some financial commitments such as car finance or nursery costs come to an end which could free up money to be used to save for retirement.

To support the research with consumers we also wanted to find out what our advisers thought.

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Retirement