Most employees still see a pension as the best way to save for retirement but only a third are confident it will provide an adequate income, according to research.
The National Association of Pension Funds' (NAPF) Workplace Pensions Survey - which polled 1,248 UK employees - revealed 44% of people believed pensions were the best way to save for retirement - compared with 18% who favoured property; 10% ISAs; 7% a bank account; and 3% other. However, the survey also revealed only a third of employees were confident their pension would provide enough money in retirement. Just over a quarter say they would have more confidence in pensions if they were sure they would not lose any of the money paid in. And 26% would like a guarantee their pension ...
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