• Only 40% to 50% of UK baby boomers are retirement ready. The remainder are expected to fall short of the savings they need to sustain their current lifestyle in retirement or achieve a moderate standard of living.

  • Individuals with DB pensions are more than twice as likely to sustain their current lifestyle in retirement than those without, and four times as likely to achieve a moderate standard of living.

  • Highlighting the importance of financial advice in retirement planning, wealthier baby boomers who sought professional financial advice in the past year, have a greater likelihood of being retirement ready.

  • Baby boomers have several levers at their disposal that can improve their likelihood of retirement readiness. These include releasing home equity, delaying retirement by a couple of years and spending a bit less in retirement. 

Vanguard 365

Offering insights, tools, events, client-facing resources and much more, across the five core areas you told us matter the most to you - and it all counts towards your CPD.

Related content