021 715 7805 info@youve-earned-it.co.za
Old Mutual – Adspace A – YEI Finance page
Feedback

Old Mutual Retirement Readiness Survey Report

Posted By Angela W / November 4, 2020 / 0 Comments

Old Mutual ran a retirement readiness survey
on the You’ve Earned It / YEI platform,
in order to get to know their retirement facing customers better.  Here are the results..

 

retirement readiness survey

 

retirement readiness survey

  • Personal Finance ran a retirement readiness survey on their strategic partner platforms,
    in order to get to know their retirement facing customers better.
  • Data was passed on to the central research team to analyse and report
  • The total sample used for analysis was 414

Old mutual

 

Old mutual retirement readiness

Old mutual retirement readiness

  • Expectedly, those younger than 50 are not planning to retire any time soon, while close to 1 in 5 of this younger cohort are hoping to retire in the next 5 years or sooner
  • Consumers in the fifties are polarized with almost half who say they will not be retiring any time soon, while close to half say they plan to retire in the next five years or sooner
  • More than a third of those over the age of 65 are already retired, while 28% plan to retire in the next year. Almost 1 in 5 of these consumers say they wont be retiring any time soon

 

Old mutual retirement readiness

Old mutual retirement readiness

  • Half the sample noted their retirement was due to them reaching the company obligatory retirement age, and almost two thirds of this group indicted that they would have continued to work if they had the opportunity

 

Old mutual

Old Mutual

  • Respondents would consider working because of financial reasons, they want to leave their funds to grow and they still feel physically able to work

 

Old Mutual

  • If they were to work post the obligatory retirement age, respondents would prefer the same/similar job or a less stressful job
  • A third of family providers note they would prefer a different job

 

Old Mutual

  • Only 1 in 4 feel that the obligatory retirement age should NOT be pushed out

 

Old Mutual

 

Old Mutual

Old mutual

 

Old Mutual

 

  • Working from home and flexible hours are key factors respondents will consider in working post retirement
  • Working from home driven by 70+ year olds (52%)
  • Full time employment and work travel are not on the agenda …

 

 

Old Mutual

Old Mutual

 

Old Mutual

Old Mutual

Old Mutual

 

 


You’ve Earned It / YEI (https://youve-earned-it.co.za/),
the digital media platform
for South African over-60s

 

  • Discounts, savings and benefits for baby boomers, seniors, pensioners and retirees

  • Informative and relevant articles geared at the senior market

  • Fab competitions

  • News/views/fun


Sign up for the FREE fortnightly
You’ve Earned It Newsletter HERE
and become a You’ve Earned It / YEI member

 


 

Relevant articles:

Retire right with Old Mutual

How to make the most of your Old Mutual Rewards when money is tight

 

Email to a friend/colleague
Tags: , , , ,

Comments

No comments

Leave a reply

Your email is never published nor shared. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.