Only 1 in 7 Brits believe they’ll have a comfortable retirement in the UK

Tuesday, March 13, 2012

Only 1 in 7 Brits believe they’ll have a comfortable retirement in the UK

A survey from the National Association of Pension Funds (NAPF) has revealed that only 1 in 7 people believe that they will have enough money to live comfortably in the UK once they stop working.

As a result, the Office for National Statistics (ONS) has cited its belief that larger numbers of retirees will move abroad once they've stopped work, with France, Spain, Australia, the USA and Canada the top picks for pensioners.

Commenting on the findings, Danny Silver, expert in French real estate and MD of The Villages Group, who market French retirement communities said: "Of course, as more and more people in their 'third age' see their costs of living rise and their standard of living drop, it is hardly surprising that they are looking for better deals overseas.

France for instance is undoubtedly one of the ultimate retirement destinations for a wide variety of reasons. It's close to the UK, celebrated for its cuisine and culture and affords a varying climate depending on what part of the country you reside in be that Bordeaux for its stunning countryside or the long sandy Mediterranean coastline of Languedoc."

Interested in property in France? Make sure to visit The French Village at A Place in the Sun Live which brings together agents, developers and property experts from across the country and will play host to daily seminars on buying and living in France.

Tickets for the exhibition, which takes place between 30th March -1st April 2012, are available now priced at two for £15 and come with a FREE six month subscription to A Place in the Sun magazine.

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A Place In The Sun