Retirees could risk 'sleepwalking' into financial trouble in retirement, research from Netwealth has suggested.

The survey revealed that older generations expressed greater concerns over their financial security, as whilst around 25 per cent of over-75s underestimated how long they would be retired for and wished they had worked with an adviser, this fell to 16 per cent amongst those aged 65-74. In addition to this, around 43 per cent of over-75s wish they had been better prepared for later life costs, falling to just 23 per cent amongst those aged 65-74. Netwealth CEO, Charlotte Ransom, highlighted the lack of concern demonstrated by those earlier in retirement as suggestion that they are "sleepwalking into the same predicament" and will be faced with a series of shocks over the years to come, particularly given that a more challenging investing backdrop is likely for the foreseeable future.

PensionBee has announced the launch of a new Pension Academy video series in light of recent pensioner poverty levels.

The provider has partnered with influencer and PensionBee customer, Patricia Bright, for the new series, which will explore a range of topics, including what a pension is, how to set up a pension, and what happens when savers retire. The videos will aim to break down complex information and financial jargon to help all savers master the basics of how pensions work, and how to get the most out of them. The full course can be completed in around 30 minutes, or users can subscribe to the 8-day pensions 101 email course, which delivers a daily video to their inbox.

Mortality rates in Q1 2022 were slightly lower than in the first quarters of 2019 and 2020, according to the latest Continuous Mortality Investigation (CMI) update from the Institute and Faculty of Actuaries (IFoA).

The update revealed that there were around 2,200 fewer deaths than expected in the UK in the first 13 weeks of 2022, despite 14,800 deaths in the UK with Covid-19 mentioned on the death certificate during that period. It also showed that there have been around 118,200 more deaths from all causes than expected in the UK from the start of the pandemic to 1 April 2022. Indeed, CMI Mortality Projections Committee chair, Cobus Daneel, noted that despite Covid-19 deaths averaging over 1,000 a week in the first quarter of 2022, overall mortality rates during this period are slightly lower than the pre-Covid rates seen in the first quarters of 2019 and 2020.

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