According to new research[1,] only two out of five (37%) over-55s have planned for the impact of inflation on their spending power when they retire.

As consumer price inflation remains at historic highs, many over-55s who are approaching or have retired face an inflation shock as they try to manage their retirement income. Indeed, 41% admitted they had not planned for inflation or were unsure if they had. The remaining 22% say they have not planned their retirement income at all. Surprisingly, the current debate over inflation has influenced people’s attitudes toward retirement, with 43 percent of those working full-time planning to factor this challenge in, up from 39 percent of those who have already retired.

You can read more on this and other aspects of planning for your retirement by downloading our Getting Set for Retirement Guide or by contacting us for more information.