Stocks to watch as retirement stress rises

Highlights

• New research has revealed that three out of every five (61%) people experience stress when contemplating retirement planning.
• Aviva revealed that about two-thirds (65%) of the people are fearful regarding the time span over which their pension savings would last.
• The 25 to 34-year-olds were especially more anxious about retirement planning.

Retirement planning can be a cumbersome task. This is well documented in new research, which revealed that three out of every five (61%) Brits experience stress when contemplating retirement planning. Among 25 to 34-year-olds, the percentage of stressed people has risen to approximately three-quarters (74%). The publication of this study overlaps with Stress Awareness Week, which goes from 7 to 11 November.

                                                         ©2022 Kalkine Media®

Aviva revealed that about two-thirds (65%) of the people are fearful regarding the time span over which their pension savings would last. In comparison, seven out of 10 (71%), in general, worry that they won’t have enough wealth to fulfil their desires when they retire.

Compared with other age groups, 25 to 34-year-olds were especially more anxious about how soon they should begin with their pension payments, whether they should have just one or more pension pots, and if their pension savings payments are enough to meet their long-term retirement goals.

Creating a retirement strategy is crucial in financial planning as it guarantees a steady stream of income after one stops working. Aviva’s chief of savings and retirement, Alistair McQueen, reportedly said that planning could enable people to control their savings better and analyze whether they are on the right path to fulfil all their needs in their post-retirement life.

As retirement stress rises, UK investors can explore the following dividend-paying stocks.

Bank of Georgia Group plc (LON: BGEO)

The Georgia-focused FTSE250-listed banking firm, Bank of Georgia Group plc, has a market cap of £1,157.84 million as of 7 November. BGEO shares were up by 3.31%, or 80 points, at 9:48 AM (GMT) on Monday while trading at GBX 2,500.00. With a turnover of £450,631.65, the group’s EPS (earning per share) lies at 15.22 and an annual dividend yield of 6.4%. The returns of the group on both YTD (year to date) and annual basis at the time of writing stand at 49.58% and 59.73%, respectively.

Imperial Brands plc (LON: IMB)

The UK-based FTSE100-listed tobacco giant Imperial Brands plc has a market cap of £20,040.00 million as of 7 November. IMB shares were up by 0.38%, or 8 points, at 9:49 AM (GMT) on Monday morning, while trading at GBX 2,126.00. With a turnover of £3,911,070.97, the group’s EPS lies at 3.00, with an annual dividend yield of 6.6%. The returns of the group on both YTD and annual basis at the time of writing stand at 31.26% and 35.87%, respectively.

British American Tobacco plc (LON: BATS)

The leading FTSE100-listed cigarette maker, British American Tobacco plc, has a market cap of £75,680.62 million as of 7 November. BATS shares were up by 0.06%, or 2 points, at 9:49 AM (GMT) on Monday morning, while trading at GBX 3,378.50. With a turnover of £3,664,752.89, the group’s EPS lies at 2.97, along with an annual dividend yield of 6.4%. The returns of the group on both YTD and annual basis at the time of writing stand at 23.60% and 32.80%, respectively.