Report highlights Britain's 'retirement priorities'
A report from the Lincoln Financial Group has made clear that maintaining a comfortable lifestyle and retaining property ownership are the two foremost priorities of pre-retired and pension-age UK consumers.
Many people are keen to have enough financial security to enjoy their retirement, while others are determined to maintain their independence as they grow old, according to the group's research.
The findings of the organisation's recent survey showed clearly that the most common concern of people aged between 45 and 75 in the UK is to maintain the standard of living in later life that they are currently used to.
Head of product and marketing at the Lincoln Financial Group Simon O'Connor said: "A good quality of life is the major financial need for people who are heading for retirement or are already retired.
"And keeping their current home - and ultimately dying in it - is also identified as key financial needs."
However, Mr O'Connor went on to suggest that many people will have to redouble their retirement savings efforts if they are to achieve their aims for later life.
Last week, Citizens Advice urged British pensioners to claim all of the state benefits they are entitled to.
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