Pressure mounts on common lack of pension understanding

clock

More than half of Brits would prefer a flat-rate state pension based on the Citizen's Pension model, new research indicates.

A survey, compiled by the National Association of Pension Funds (NAPF), finds 56% of people are in favour of a universal state pension worth £109 a week, on the basis of citizenship as opposed to National Insurance contributions. Additionally, eight in ten people believe women and men should get equal state pension provision, even if they stay at home. NAPF says half of working individuals feel a universal pension will encourage greater savings, as it provides them with a clear figure of how much to expect, while a further 42% of those questioned says it would encourage them to work be...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers turn to smoothed funds to help manage volatility threat

Advisers turn to smoothed funds to help manage volatility threat

Decreasing exposure to equities also a popular strategy

Isabel Baxter
clock 26 March 2024 • 1 min read
Examining the 60/40: Building diversified portfolios in 2023

Examining the 60/40: Building diversified portfolios in 2023

Advisers have a lot to consider when it comes to portfolio diversification

Charlotte Moore
clock 14 April 2023 • 6 min read
Schroder Investment Solutions expands distribution of MPS

Schroder Investment Solutions expands distribution of MPS

Expanding the range of DFM choice on the Parmenion platform

Ayesha Venkataraman
clock 06 December 2022 • 2 min read