Baby boomers want retirement help not fancy products - research

Nicola Brittain
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Baby boomers, who will own almost 75% of retail assets in five years, are looking for safe retirement solutions rather than ‘market leading' products, according to a report released today.

The annual Create report from Principal Global Investors, which questioned more than 700 asset managers, pension plans, pensions consultants fund distributors and administrators from 29 countries, found that, in the experience of those questioned, the majority of these asset holders will opt for these safer retirement solutions over outperforming products.     Of those that cited this as a trend, 53% said retirement needs would include regular income, 46% said capital protection, 42% said inflation protection, 39% said consistent low volatility returns, while 34% said capital growth. ...

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