Pensions: for the young and the optimistic says JPMF

Work conducted by JP Morgan Fleming in its latest ‘Pension Map of Britain’ report found the annual expected pension has climbed to £20,540 pa in 2004, up from £18,914 in 2003. Supporting this argument, JPMF found half of UK workers this year have been concerned about the level of retirement income, as opposed the higher level to 56% recorded in 2003. People in the higher earnings bracket of £30,000 pa are among the most pessimistic showing a 4.1% drop on the year, while lower wage earners (less than £17,500) reveal higher expectations, rising by 12.1% from last year’s figures. Using...