IFAs note boom in retirement saving outside pensions

Jenna Towler
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Almost half of advisers have reported a shift in client money away from traditional pension saving to alternative products, a YouGov poll has found.

The survey showed 47% of advisers had seen clients diversify retirement saving away from just traditional pension plans in favour of ISAs, bank and building society accounts, premium bonds and equity investments. It also found 69% of IFAs do not think their clients are saving enough for retirement - whatever vehicle they are using. Adele Gritten, financial services director of YouGov said: "For most people, funding retirement is going to take a variety of approaches. The fact that IFAs believe 69% of us are not saving enough and 45% of consumers are not topping up their savings in add...

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