Pensions are not considered to be a "retirement funding source" by 44% of Brits, according to a survey by Baring Asset Management.
The study of 1,567 workers by the investment management firm indicated that many people have not made plans for life after work, with a quarter of respondents admitting that they did not know how they would fund their retirement. For those that had made plans, cash (29%), property (29%) and ISAs (26%) were the most popular sources of funding after pensions (56%). One in ten said that property on its own would fund their retirement. Inheritance was also an important factor - around 17% said that they expected it to fund their retirement, a proportion that rose to nearly one in four ...
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