A large percentage of older workers in serviced offices in Cardiff will want to take their pension fund by the age of 65, according to new research.
Findings from a study by MetLife Europe revealed that almost seven out of ten individuals want to start drawing from their savings following their 65th birthday, with only three per cent waiting until after they are 70.
It was also revealed in the survey, that a large number of individuals choose to keep pace with rising prices in order to ensure their funds last a lifetime.
Dominic Grinstead, managing director at MetLife's UK Branch, said: “Protection against inflation is the key for half of all savers with just ten per cent choosing maximum income at the outset as their main concern."
MetLife, which carried out the research in response to the Treasury's consultation on the scrapping of compulsory annuitisation at age 75, has been a worldwide provider of insurance and financial services since it was founded in 1868.
