A recent survey regarding retirement around the world has seen the United Kingdom place in the top 10 worst countries, ranking ninth overall.
Britain recorded low rankings in multiple categories included in the research, such as gross pension replacement rate, old-age income poverty rate and older people’s income in comparison to the average UK wage.
UK citizens achieved a rating of 6.8 out of 10 for life satisfaction in the study, which compared a total of 36 different countries across the globe. Incomes for those aged 65 years and over were recorded to be 81.31 per cent of the average wage, while life expectancy stood at 81.13.
Britons with concerns about the provisions and standard of living they will have when they cease working often seek guidance from experts in retirement planning in Shropshire, Cheshire and other counties. Wealth managers are often called upon to draw up plans that ensure that UK consumers have adequate income to ensure they are financially comfortable in retirement.
The study also found that the UK’s present rate of old-age income poverty is 15.15 per cent, making it worse than Poland (12.79 per cent), which ranked sixth worst overall.
Britain’s best score in comparison to other countries around the world was its happiness rating, which was 6.943, ranking 17th best for the study.
Japan recorded the highest life expectancy (84.37) and had a higher rating than Britain for elderly incomes when compared to national average wages (85.19 per cent) but had a higher rate in terms of old-age income poverty (20 per cent).
