Inflation is the biggest financial worry for those in their 60s, new research has discovered.

According to a survey by Alliance Trust, 60 to 69-year-olds fret most about inflationary movements, which could have a domino effect on interest rates and products such as homeowner loans.

The figures found that inflation was the least worrying subject for people in their 20s, but 28 per cent of those in their 60s admitted it concerned them.

They also said falling ill and being out of work was one of the biggest threats to a "comfortable retirement", as was a stock market crash.

However, Hyman Wolanski, head of pensions at Alliance Trust, said that this type of worry was natural for people as they age.

"As your retirement gets closer then inflation understandably becomes a real concern," he said.

"It is vital people take their changing circumstances throughout their life into consideration when choosing the right pension arrangement for them."

Meanwhile, Defaqto revealed today that 71 per cent of those surveyed for a retirement income poll said they plan to rely on a state pension to support them after years of employment.ADNFCR-1287-ID-18390414-ADNFCR

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