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25-Jul-08 12:15 [Pensions]
Zurich: Financial advisers urged to recommend pensions and savings Zurich has urged financial advisers to review client retirement portfolios after more people have come out of retirement or delaying the process.
It added that the concept of coming back into work after retiring - dubbed "returnment" by think tank Future Laboratory at a Zurich conference - was an increasingly regular occurrence.
Research by the firm found that 36 per cent of those surveyed carried on working past the age of retirement because they could not afford to retire at all, 25 per cent wanted to stay active and 19 per cent were bored of retirement.
Pensions management director at Zurich UK Dave Lowe said that advisers needed to help people plan this stage of their life, especially with trends changing as they are.
He asserted: "We believe that advisers have a responsibility to make people aware of the different ways of funding their retirement, such as income drawdown, as well as the taking the traditional annuity option."
A report released by Zurich at the end of last week found that over half of retirees were expecting to live a full and active retirement but were not considering the implications of this on their finances.
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