Most savers have no intention of taking on the risks of investing in equities once they have begun to draw their pension, research suggests.
Franklin Templeton's Retirement Income Strategies and Expectations (RISE) survey found only a quarter of more than 2,000 adults questioned expected to keep some of their retirement savings invested on the stock market. For most people (42%) the market was 'too risky' as a retirement strategy, while one in three (33%) said they felt they didn't have the knowledge to choose the right investments. From 6 April, savers aged 55 or over will have the freedom to access their pension pots and structure their retirement in any way they see fit. The reforms will increase demand for drawdown ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
