Clare Financial Advisor Believes Cost-Of-Living Crisis Forcing People To Forego Pension Planning

A Clare financial advisor says middle-aged people are becoming increasingly unable to plan for their futures due to the cost-of-living crisis. It comes as new research from the Competition and Consumer Protection Commission reveals the number of people aged between 45 and 54 with a pension plan in place is down from 85% to 76% since last year. This is in high contrast with the number of people between the ages of 45 and 64 who have a financial plan in place for the future which stands at 90%. Tommy Corbett of Carey Corbett Financial Solutions says those in their 40s and 50s are under particular strain due to rising bills and other costs.