There is a sharp age divide in how positive people are feeling about their long-term Financial Planning following the general election, according to new research.

Under-50s were feeling more optimistic, with 24% saying they feel more positive as a result of the election outcome.

Just 15% of this age group were feeling less positive following the election which saw Labour win a landslide victory.

Among over-50s, 13% felt more positive with Labour in power and 25% less positive.

Overall across all age groups, around 50% of people said the election result has had no impact on how they feel about their long-term Financial Planning.

Steven Cameron, pensions director at Aegon, said the new government has work to do if they are to win over the over-50s.

He said: “These results, coming immediately after the Election result, may reflect younger people generally having a more optimistic outlook to longer-term Financial Planning.

“But the challenges for those over 50 can be very different from younger age groups and as they get closer to retirement, reality begins to bite. With many contributing factors, those in their ‘Second 50’ are facing an increasingly personalised and complex journey into later life – unlike any generation before them. 

“To win over all ages, the new Labour Government will want to make sure its policy agenda – from State Pensions to housing - represents fairness across the generations.”   

• Opinium surveyed 2,000 UK adults in the UK on behalf of Aegon between 5 July and 9 July.