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Pensions still the best option for retirement income – L&G

Legal & General says pensions are still the best investment option for long term pension funding. It believes that while residential property prices have risen over the past ten years, over the next ten years equities will be the better performing asset class. It expects equities to provide a return for investors of around five to six per cent per annum in the future, but it is only looking at an average property price increase of around 2.25 per cent per annum.

Director, Pensions Marketing Andy Agar says: “With the uncertainty in the housing market and with equities the more likely to continue to deliver good returns in the long term, pension plans with their links to various equity options offer excellent value for pension funding.”

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