View more on these topics

Market volatility stressing out 1 in 3 adults, says The Hartford

Equity market turmoil is causing sleepless nights for one in three middle aged and older adults, says The Hartford.

The recent YouGov survey found 31 per cent of respondents were suffering poor sleep and increased stress levels as a result of recent market volatility.

Those aged 55 and over are feeling the greatest levels of anxiety, with 47 per cent saying they are stressed compared to 38 per cent in the 45-54 age group and 32 per cent in the 35-44 age group.

The Hartford found 21 per cent of respondents to the survey said they would willing to pay an annual fee in exchange for a guarantee that their pension savings would not fall, even if the market did.

Managing director, marketing and distribution John Enos says: “This survey demonstrates that a large part of investing is psychological – market volatility can cause investors to feel greater levels of stress or even lose sleep.

The survey was of a representative sample of 1,963 UK adults, interviewed on February 4-6.

“The guarantee available with The Hartford’s pension product, Hartford Platinum, called ‘guaranteed retirement income plan’ or GRIP, provides added security for clients as they know that their future pension income won’t fall if the markets fall.”

Recommended

Portal go-ahead for Burns-Anderson buy

Money Portal’s 14.2m purchase of Burns-Anderson completed last week after getting the green light from the FSA.Having received regulatory and shareholder approval, Money Portal has confirmed the acquisition which was first revealed in Money Marketing last November.Money Portal head of corporate affairs Richard Pearson says: “We have now completed the two conditions required for us […]

Exit music

Two current consultations highlight the pressures faced by employers with defined-benefit pension schemes.

Shake-up for shared equity

There is little cheer to be had as far as mortgages and the housing market are concerned. But the Budget, which was disappointing in many ways, at least managed to come up with something positive to help those struggling the most.

Retirement fund - thumbnail

What price (more) freedoms?

George Osborne will make his last Budget speech of the current parliamentary term this week, and the early media briefings suggest that pensions will again feature heavily in that statement. So what are we able to learn from the weekend’s coverage?

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com