1. home
  2. Media Centre Media Centre >
  3. Press releases Press releases >
  4. Press releases 2020 Press releases 2020 >
  5. People delaying retirement decisions during lockdown but the need for advice never greater People delaying retirement decisions during lockdown but the need for advice never greater

25 July 2020

People delaying retirement decisions during lockdown but the need for advice never greater

3 min read

Helen Morrissey, Personal Finance Specialist
Helen Morrissey

Corporate PR Specialist – Long Term Savings

Share

Helen Morrissey, pension specialist at Royal London comments on the publication of ABI research showing a decrease in people enquiring about and accessing their pensions during lockdown.

“This research shows that people are pressing the pause button on making long term retirement decisions in the current environment. This is not surprising given stock market volatility and concerns about redundancies. However, as time goes on people will need to make decisions to help them navigate the increasingly complex environment – there has never been a greater need for advice.”

-ENDS-

For further information please contact:

Helen Morrissey, Corporate PR Specialist – Long Term Savings

About Royal London:

Royal London is the largest mutual life insurance, pensions and investment company in the UK, with assets under management of £139 billion, 8.6 million policies in force and 4,348 employees. Figures quoted are as at 30 June 2020.