The cost of living crisis has left pension pots looking fragile, prompting many Britons to take a closer look at how they’re preparing for their golden years. Canvas8 spoke to eight people about the impact of inflation on their retirement plans and how financial institutions can lend a hand.

For people who are approaching retirement age with plans to dip into their pension pots, travel, and enjoy their lives, the cost of living crisis is a huge cause for concern. So how are people aged 50 and above thinking about retirement amid rising inflation and a concerning economic outlook?

Research has highlighted a trend of UK Boomers returning to urban areas from rural locations as changing retirement attitudes prioritise vibrant communities, amenities, and independence. Innovations, like driverless on-demand vehicles, are responding to the evolving needs of older urban dwellers.

A survey has found that an increasing number of Canadian employers are expected to retire in the coming year. In addition to more workers retiring early, many are also looking for flexible options, like semi-retirement, that allow them to transition between major life stages.