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.

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

By Mike Berry

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