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UK retirees underprepared

Open-access content Wednesday 8th November 2017 — updated 5.50pm, Wednesday 29th April 2020

A survey by the IFoA, the American Academy of Actuaries and the Institute of Actuaries of Australia of their respective populations showed how unprepared the citizens of each country are for retirement.


A survey by the IFoA, the American Academy of Actuaries and the Institute of Actuaries of Australia of their respective populations showed how unprepared the citizens of each country are for retirement. 

It showed that the UK is lagging behind Australia and America in its level of preparedness, with UK retirees the least well-informed and the least likely to be saving sufficiently. They were also the least likely to have contingency plans in place.

Read our full Retirement Readiness analysis at bit.ly/2yk7RRU

This article appeared in our November 2017 issue of The Actuary .
Click here to view this issue

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