New research finds that a sizeable number of people planning to retire this year are altering their plans in the wake of the Brexit vote.
According to a survey, conducted by the Prudential, over a quarter of people planning to retire this year fear a long-term Brexit hit to their finance.
The study found that 27% were worried about damage to their pension values and other income as a consequence of the country’s decision to leave the EU. Furthermore, 11% of those who had intended to retire in 2017 have now delayed their planned retirement date and 6% were intending to see out their days abroad instead.
However, a majority 67% said their intentions had not changed, though only 12% thought Brexit would have a positive effect on their finances.
While low interest rates since the financial crisis have hurt savers generally, stock market values have reached record highs since the EU referendum last June – bolstering many top shares held by pension schemes.
This is mostly down to the collapse in the value of the pound, which has increased the value of their overseas’ earnings.