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Latest News

Survey reveals widespread fears of pension shortfalls

by Personnel Today 6 Oct 2004
by Personnel Today 6 Oct 2004

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

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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