Talking about retirement remains a taboo subject.
Now in its third year, the Skipton Retirement Tracker is based on responses from over 6,000 UK adults, conducted by Opinium. It finds that retirement planning remains a taboo subject for many, with UK parents more likely to broach the topic of sex and relationships with their children than retirement and later life.
The research shows that over half (55%) of UK parents surveyed say they have discussed sex or relationships with their child at least once, compared to just a third (32%) who say they have talked about retirement. Almost two-thirds (63%) have never talked about inheritance with their children.
This is despite the fact that over half (56%) of those not currently saving for retirement said speaking to their parents about the importance of retirement would motivate them to start saving for retirement.