The confusion related to pensions is stopping individuals from saving for their future, new research reveals.
A survey conducted by IFA Norwich and Peterborough, finds pension-related matters confuse 59% of 500 people questioned, while only 35% of people consider pensions savings a priority. Of those individuals, nearly three in ten believe they are too young to worry about their pensions, while a quarter have other priorities, with a further 23% adding they simply cannot afford it. Additionally, 68% of people surveyed say they have given thought to their post retirement financial status buy only 31% have put into place any specific pension plans. Moreover, 64% have some plans in place while...
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