Planning for retirement should still be high upon our priority list, and whilst still keeping our families and ourselves safe and healthy, the next topic on most people’s list is their finances. Achieving our retirement goals may now require readjustments. The most financially affected by the COVID-19 pandemic are those who already struggled to make savings towards retirement. 10% of UK adults who have a pension and are not yet retired will need to work for longer or significantly increase how much they save later on in order to make up the shortfall.
