Around three million people in the UK are pinning their hopes for a comfortable retirement on a later-life lottery win, according to the National Association of Pension Funds (NAPF).
Another three million are counting on an inheritance windfall from parents or other relatives to pay for their own retirement, a YouGov survey carried out for NAPF said. Around half of respondents said they would fund their retirement through a pension, and more than one in five plan to save into an ISA. Property is still seen as a safe haven for savings, with 17% planning to invest in property to keep them in retirement, and 34% said they will rely on the state pension. Joanne Segars, chief executive of NAPF, said: "It is deeply unnerving millions of people count a flutter on the ...
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