Consumers want to see a major cultural shift in the handling of 'later years' financing which could make take-up of savings from supermarkets, football clubs or charities more popular, suggests research.
A survey commissioned by Siemens Business Services – a division of the technology and mobile handset firm – and produced by Mori, entitled Saving Retirement: Transformation of the life and pensions industry, reveals the current crisis in consumer confidence about pension provision suggests over half of the people questioned no longer envisage retirement in its traditional “permanent vacation” image and expect to continue working part-time after the official retirement age so need to start thinking of “later life provision” rather than pension products. In particular, research conducted s...
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