12th September 2014
If you want a comfortable retirement then move to Dorset, where quality of life is the highest in the country for retirees.
Research by Prudential for its ‘quality of retirement index’ shows Dorset on the South West coast of England is the best place to retire.
The index ranks areas based on homeownership, good health in retirement, percentage of people who provide unpaid care, marriage status and how many pensioners have passports.
Based on these categories, Dorset was ranked in the top 10% of all English and Welsh local authority areas for good health, property ownership and marriage and was above average for retirees’ propensity to travel and percentage of people who provide ongoing unpaid care meaning the overall retirement score was 46 out of a possible 50.
Coming in second was Solihull in the West Midlands and third was the Vale of Glamorgan in Wales.
Four of the top 10 places to retire are in the South West of England.
Vince Smith Hughes, retirement expert at Prudential, said: ‘Our analysis clearly shows that the quality of life experienced by retirees varies significantly across the country. However, it is not always possible for people to up sticks and move to a location they consider to be more desirable, when the time comes to give up work. Family ties and the cost of moving home often dictate where people find themselves living as pensioners.
‘People looking to secure a retirement in an area where the quality of life is already high, or those simply looking to be as financially comfortable as possible when they give up work, are well advised to follow the simple rule of saving as much as possible as early as possible in their working lives.’
Does your home town make the top 10?
The top 10 places in England and Wales for quality of retirement are: