The research also examined what would make people more likely to save into a pension. Just over a quarter (27%) said they would be more confident in pension saving if they were sure they would not lose any of the money they paid in. A further quarter of people (26%) stated they would like a garuntee that their pension income would not run out before they died.
Despite current interest in allowing people early access to part of their pension, only 10% of people responded that this would make them more confident in pension saving
44% of respondents still said that a pension was the best way to save for retirement – far outstripping property on 18%, and well ahead of any other form of saving.
NAPF Director of Policy Nigel Peaple said:
"It is clear that people greatly value pensions. They consider pensions to be the best way to save for retirement – far ahead of property – and over three qaurters value an employer more if they offer a workplace pension.
"People want their pension to provide them with certainty, in particular to be sure they won’t lose any money. This issue of how best to invest pensions will be examined at our investment conference this week."
No comments yet.