Many young people in the UK are still not convinced they will have enough money in retirement, and therefore plan to purchase a second property in the next five years to supplement their pension, indicates new research.
Property firm MDA says its research suggests 35% of people between 30 to 45 feel they will not have saved a sufficient amount of money come retirement. Despite a cooling housing market, they still view property as a sound long-term investment. Some 37% of those people questioned believe their pension provision is satisfactory, while 52% believe they would not have sufficient means for a secure retirement. The remainder were unsure. Mark Evans, director at MDA, says that while a substantial amount of people are worried that will not have saved enough money, the most concerning st...
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
