UK less bullish than Brazil on funding retirement - survey

Carmen Reichman
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Eight in ten UK investors are confident they will be able to fund the retirement lifestyle they want, but this is still fewer than in Brazil, a survey has found.

Legg Mason Global Asset Management's retirement survey, which polled 4,000 people in 20 countries, found 85% of investors in the UK are either 'very' or 'somewhat' confident of having enough money to retire in the style they desire. This, the research said, was directly in line with the global average. While UK investors appeared "significantly more bullish" than those at the bottom of the scale - Japan (53%), Chile (62%), Italy (66%) and France (68%) - they were less confident than those in China (91%), the US (88%) and Brazil (86%), the survey found. Low interest rates and 'catas...

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