A quarter (24%) of the so-called 'Millennial' generation - those aged 18 to 39 - view property as the best way to save for retirement, research from Zurich has revealed.
Just last week, the Bank of England's chief economist Andy Haldane came under fire from advisers and providers alike for suggesting property represents a better investment for retirement than a pension. According to the Zurich research, pensions are still slightly more popular than property as the favourite investment for retirement. Just over a quarter (27%) of the 1,018 people aged 18 to 39 surveyed by YouGov in June said they favoured the more tax-efficient retirement saving schemes. That said, more than a quarter (28%) of 30 to 39 year-olds think property is the best investment st...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
