Over 40% say property main retirement funding

The study shows 43% expect property to form a top contribution to their income in retirement, compared to 31% last year. This is despite a cooling house market in most parts of Britain. A total of 36% count company pension schemes as a major contributor to retirement, down from 40% last year. Following company schemes, 28% expect personal pensions to factor in their retirement funding plans, up 2% since 2006. Hyman Wolanski, head of pensions at Alliance Trust, says: “It is no surprise to see that people’s confidence in company schemes funding their retirement has taken a downturn. Over...