View more on these topics

Aviva research highlights post retirement fears

Research from Aviva has found that six in 10 people over the age of 50 worry that their pensions and savings are not enough to support them after retirement.

The firm says the worries have created a new generation of “baby gloomers”, who are the children of the elderly population that will need to support both their parents and their own children.

Results from the Cost of Family Care study found 71 per cent of adults fear supporting their parents could cause financial problems of their own, 60 per cent are concerned about the cost of retirement homes and 25 per cent plan for their parents to live with them.

The study also found that although “baby gloomers” want to help their parents, 67 per cent say their own financial situation provides a challenge in doing so and that 43 per cent have delayed their own retirement plans because of the current economic situation.

Aviva head of pension propositions for UK life Paul Goodwin says: “Future finances are one of the most crucial areas families need to discuss and a key area where people should seek independent financial advice. Almost half (45%) of adults told us they have no idea how their parents plan to fund their retirement, but six in ten (62%) admitted they feel uncomfortable asking their parents questions about their finances.”

Aviva suggests that families who are struggling financially need to talk about their finances so they can make a plan, seek support and advice and create a timeline.


Strategic thinking

Bonds continue to dominate sales even as equity markets move ahead and opportunities in fixed interest look less obvious. Spreads over Government debt have narrowed in recent weeks, lessening the blatant investment opportunity managers have been talking of for months. Considering the recent rally, is the story and opportunity in corporate bonds now over? Strategic bond managers certainly do not think so but while they are still favouring the investment end of the market, many are branching into other areas.

Manager focus: Bradley George

Investec Asset Managements Enhanced Natural Resources funds has outperformed its competitors as a result of its short exposure. Over the past year to May 30, the fund fell 0.71%, while the JPM Natural Resources fell 32.68% and First State Global Resources dropped 33.17%, according to Morningstar. Bradley George, who manages the fund alongside George Cheveley, […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm