Workplace pension 'safe' but property more profitable, ONS data

'Low interest rates push people to higher risk products', Octopus

clock • 3 min read

Saving into an employer pension scheme is considered the safest way to save for retirement by consumers but many believe they can make more money from buying property, research from the Office for National Statistics (ONS) has shown.

Between July 2014 and December 2015, the research found, two-fifths (41%) of consumers considered workplace pensions the safest option for building their retirement funds, with property coming second at 28%. While this picture remained broadly unchanged on the previous period reviewed - 2012 to 2014 - employer pensions were up six percentage points on 2010-12, when 35% of consumers considered it safest. Meanwhile, almost half (45%) of respondents to the ONS survey thought investing in property would earn them the most money, while workplace pensions was considered most profitable by a...

To continue reading this article...

Join Professional Adviser

  • 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

Bond market mayhem brings annuities back onto advisers' radars

Bond market mayhem brings annuities back onto advisers' radars

Guaranteed income for life is back on the table

Tom Selby
clock 24 October 2022 • 3 min read
L&G strategic partnerships director Cecilia Furner said her outlook was “retirement outcome-focused” and advice was very important during the complex journey.

PA360 North: Advice at heart of complex retirement income decisions

Layered retirement income crucial for good outcomes

Jenna Brown
clock 06 October 2022 • 4 min read
Laith Khalaf: "If annuities didn't exist, we would certainly have to invent them, but that still doesn't mean people want to buy them."

Retirement income: Is the annuity making a comeback?

Laith Khalaf says the golden age of the annuity is in the rearview mirror

Laith Khalaf
clock 14 September 2022 • 4 min read