Charlotte Ransom, CEO of Netwealth, said: “With life expectancy increasing, the need for thorough and flexible retirement planning is now more crucial than ever before.
“Retirement is an exciting phase of life, marked by increased freedom and the ability to pursue our passions and take on new challenges.
“However, in order to achieve a happy, successful retirement, we must prepare ahead of time.”
Ms Ransom recommended Britons seek the expertise of a financial planner – one who is regulated to provide support.
Using these professionals, she said, can help Britons identify the steps they need to take to secure the retirement they are hoping for.