Liverpudlians get their sums right

Finance can be daunting, but Liverpudlians seem to have it sussed, emerging financially savviest in a nationwide survey. Liverpudlians are more familiar with financial terms, more likely to visit an independent financial adviser (IFA) and more likely to feel prepared for retirement, according to latest research from MGM Advantage, the retirement income specialist.

MGM's Retirement Nation, an exclusive study of more than 3,000 Britons of all ages, contrasts the nation's retirement hopes and fears, and their retirement preparation levels. Liverpudlians beat the nation in understanding financial terms such as ‘stakeholder pension', ‘annuity' and ‘IFA'. Liverpool is also home to Britain's happiest and most confident pensioners, safe in the knowledge that they have set enough money aside for their golden years.

As Liverpool undergoes major cosmetic changes to celebrate its position as Europe's City of Culture, it seems its residents are likewise engaged. Liverpool's female population leads the nation in signing up for cosmetic surgery to celebrate retirement. It may be just the thing to give them a ‘boost' before they book a trip around the world, since Liverpool's pensioners are also Britain's best globetrotters. It seems Liverpool is living the modern British retirement dream, having secured independent financial advice when they needed it.