With more and more people having longer in retirement as life expectancy continues to rise, Mike Weatherley, the Conservative Member of Parliament for Hove and Portslade, is encouraging residents to think ahead now and to financially prepare for their future.
Following reports that nationally people are not preparing enough for longer retirements, Mike is concerned that local residents are also not doing enough. Younger people in particular have a poor record of setting up pensions and often broach the issue later in life, which makes it harder to save enough.
Backed by the Government, the Pensions Advisory Service (TPAS) offers general guidance on pensions and is also able to help with problems, complaints or disputes with an occupation or private pension arrangement. For more information on setting up or changing a pension, visit www.pensionsadvisoryservice.org.uk.
Commenting, Mike said: “Preparing for a comfortable retirement is something which residents should be thinking about now. Young people who are entering the world of work probably don’t want to think about how they will provide for their retirement, but it is important to start a pension as early as possible. The Pensions Advisory Service is an excellent resource that can assist with finding the best solution for individual circumstances.”