Britain's retirement confidence has hit its lowest point in three years, with nearly three quarters of the nation worried about affording a comfortable retirement, according to Alliance Trust Savings.
In its third year, the Alliance Trust Savings Retirement Confidence Index shows a widening gap between people confident about their retirement prospects and those who are not. The research found only one in three Britons believe they will be able to enjoy a comfortable retirement. While in 2006, 38% of Britons said they were concerned about their retirement provisions, the figure rose to 40% in 2007 and reaches 43% in 2008. Retirement concerns are particularly prevalent among 30 to 50 year olds, with almost half of this pre-retirement group not confident about being able to provide for ...
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
