Pensions 'not a retirement source' for 40% of Brits

clock

Pensions are not considered to be a "retirement funding source" by 44% of Brits, according to a survey by Baring Asset Management.

The study of 1,567 workers by the investment management firm indicated that many people have not made plans for life after work, with a quarter of respondents admitting that they did not know how they would fund their retirement. For those that had made plans, cash (29%), property (29%) and ISAs (26%) were the most popular sources of funding after pensions (56%). One in ten said that property on its own would fund their retirement. Inheritance was also an important factor - around 17% said that they expected it to fund their retirement, a proportion that rose to nearly one in four ...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Income

The role of annuities: 'Placing the onus on savers to act autonomously is improvident'

The role of annuities: 'Placing the onus on savers to act autonomously is improvident'

'Savers have reacted positively to this so-called "flex-then-fix" approach'

Matthew Morris
clock 24 September 2025 • 3 min read
A refreshed conversation on retirement – the road to a rewarding later life

A refreshed conversation on retirement – the road to a rewarding later life

‘Retirement is not a once-and-done process’

Lorna Shah
clock 05 September 2025 • 4 min read
UK borrowing costs rise as gilt yields surge to near 27-year high

UK borrowing costs rise as gilt yields surge to near 27-year high

30-Year gilt yields rose to highs last seen in 1998 on Monday

Linus Uhlig
clock 19 August 2025 • 2 min read