Forget About Early Retirement in Britain

Leaders with Francine Lacqua

Bloomberg

Entrepreneurship, Careers, Management, Business

4.6 • 64 Ratings

🗓️ 24 August 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Britain’s eligible pension savers need to return to work, earn for longer and save more—otherwise they might find retirement less than stress free.

That’s the warning from Andy Briggs, chief executive of Phoenix Group, in conversation with Francine Lacqua on this week’s episode of In the City. They discuss the plight of retired people over the age of 50 and how the UK pension system compares with those of other countries.

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Transcript

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0:53.0	Listen to the latest from Bloomberg News
0:54.9	now on Apple, Spotify, or anywhere you listen. Pensions, savings, insurance. Okay, it's not the most
1:03.0	fun topics, but they are important. So follow me here. Turns out that a fair number of people are just not prepared for retirement.
1:14.6	That means that they just won't have enough money to live comfortably in their older age.
1:19.9	It's also important because the government is trying to get more involved in how pension pots are being invested.
1:26.3	This is in the city of Bloomberg's podcast connecting you to the conversations at the heart of the
1:30.8	city of London.
1:31.8	I'm Francine Lacqua.
1:33.0	Now, this week we talk about investing in pensions.
1:35.6	We also talk about the over-50s dropping out of the labor force and how to get them back to
1:40.9	work.
	...

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