Over half of all Brits hope to retire abroad

Over half of all Britons hope to retire abroad, according to a survey by Insure4Retirement.co.uk. The leading reason behind the decision to emigrate proved to be long-standing fears about retired life in the UK.

The findings, published from an annual customer survey, revealed the most popular retirement destinations for disaffected Brits are Spain, France and Canada.

The single largest worry for the retired community in Britain proved to be concerns over money and maintaining a secure income; 40% of all respondents cited this issue as their greatest fear. Further concerns about retiring in the UK included the spiralling cost of healthcare, worries surrounding the NHS and fear of hospital waiting lists. One in four polled was also concerned with council tax, while health (7%), vandalism (6%) and immigration (6%) were also major concerns.

Managing Director of Insure4Retirement.co.uk, David Holden said, “This year’s survey is an accurate reflection of how many people over fifty feel - neglected and facing an uncertain future. That over half of those polled are seriously considering retiring abroad is a telling indictment on the poor level of service provision and financial security offered to the retirement community.

At Insure4Retirement.co.uk we believe that the over 50’s deserve better. People over 50 are more careful with their homes and their property than younger age groups. It’s only fair therefore that they should reap the benefits of this considerate lifestyle by - at long last - paying less for Insurance.”