Savings survey

Facing up to the reality of not having saved enough

Around 55* per cent of people said they were either currently not saving enough or they had to face up to the reality of not having saved enough into a pension in the past, according to insurer Friends Provident.

      
   

A further 15* per cent of those questioned admitted they had not given any thought to saving for retirement, while 31* per cent were relying on receiving an inheritance to fund them when they stopped working.

Nearly a third of people* who have yet to retire said they would carry on working until they had enough money to stop, while

23* per cent are planning to move to a smaller home or unlock equity from their property.

But 22* per cent of people are ‘just hoping’ they will have enough and 21* per cent have not made any plans about how they will support themselves if their pension is not big enough.

*Source: Friends Provident 02/09/09

Our range of personal financial planning services is extensive, covering areas from pensions to wealth creation and tax-efficient investments. Contact us to discuss your current situation, and we’ll provide you with a complete financial wealth check.

 
  recession finance makeover savings tax efficient income potential portfolio open ended investment personal pensions pensions reform confidence IHT issues self invested retirement pension savings environmental ISA skates Create wealth