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...

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