Survey reveals widespread fears of pension shortfalls

Four
in 10 people think they will be short of money in retirement, says new research.

Women
accounted for two-thirds of those who thought they would not have sufficient
levels of cash, a study by Nationwide Building Society showed.

It
revealed that one in three people would consider investing in the buy-to-let
market or property development to boost their income. The consumer confidence
survey also said more than a quarter of people would consider releasing equity
in their home – although only 8 per cent had resorted to any of these measures.

Nationwide
group economist Alex Bannister said pensions were a "significant
concern" for many people, particularly those in their thirties and early
forties.

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Nationwide
said 41 per cent of those expecting financial hardship in retirement were aged
30 to 44.

By Mike Berry