Retirees see beyond pensions

The latest Pensions Map from JPMorgan Asset Management discovered only 48pc of respondents would be relying on their formal pension schemes, with this trend especially prominent in younger generations. While 62pc of 55-64 year olds said they would be relying on their pension as one of their main sources of income, only 38pc of 25-34 year olds would be doing the same. David Barron, head of investment trusts at JPMorgan Asset Management, said: “The balance of retirement funding is shifting and traditional pensions are falling out of favour. “Our research shows people aren’t sure wher...