View more on these topics

NOP finds nearly half will rely on state pension

A staggering 46 per cent of people plan to rely on the state pension in retirement despite Government attempts to encourage people to plan for old age.


A survey by NOP for Standard Life asked 635 people nationwide if they had a pension and why they do not save more for retirement.


It reveals 46 per cent do not have any other form of provision other than the basic state pension. And some 19 per cent of these people do not feel the need to make other plans.


Over half of the respondents believe they do not need a pension because their partner already has one. As many as 5 per cent believe the state pension to be enough.

Recommended

CGU sees 14 per cent new business increase despite merger

CGU saw its new UK life and pensions business grow by 14 per cent to £285m in the first nine months of 1998, compared with £250m in the same period last year.The life office, formed out of the merger of Commercial Union and General Accident, increased its sales of single premium life and pensions products […]

Towers Perrin survey finds transfer of pensions risk to employees

Consultant Towers Perrin believes that British companies are offering their employees more benefit choices including pensions than they did six years ago.According to its recently published &#39The Benefits Package for the Future&#39 there has been a gradual improvement in flexibility and a general transfer of responsibilities for benefits to employees since 1992The survey found that […]

Iain Chadwick

The Budget 2015: a brief overview

Following George Osborne’s delivery of his sixth Budget as chancellor and the last of this current parliament, we have provided a brief overview of the initiatives put forward in his statement, focusing on the topics that have an impact upon the pensions landscape, savings, personal taxation and businesses.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment