UK less bullish than Brazil on funding retirement - survey

Carmen Reichman
clock

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...

To continue reading this article...

Join Professional Adviser for free

  • 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

Retirees flock to annuities as sales rise almost 40% year-on-year

Retirees flock to annuities as sales rise almost 40% year-on-year

Annuity sales up 38.7% to 80,061 in 2023/24

Jenna Brown
clock 26 September 2024 • 2 min read
Annuity comparison demand among advisers continues to rise

Annuity comparison demand among advisers continues to rise

Popularity of annuities returned as rates increased

Jenna Brown
clock 24 September 2024 • 2 min read
Advisers back annuities as sales continue to rise in H1

Advisers back annuities as sales continue to rise in H1

Annuity sales reach £3.6bn in H1 2024, ABI figures show

Jasmine Urquhart
clock 21 August 2024 • 2 min read