We start to worry about ageing at 50

People start to worry about getting old at the age of 50, a study suggested by LV the life company. Women are more likely to fear getting older, listing loneliness, health issues and losing their independence as their main concerns.

The research also found that the average annual income drops by two thirds upon retirement and the average person retires with an annual income almost a quarter less than the minimum wage. LV said that while the average salary for the over-60s is £25,480, the average annual pension income, including state pension is just £8,774 pa.

If you are concerned as to whether you will have adequate income in retirement, then at Investment Solutions we are here to help.