Property Preferred to ‘Safe’ Pensions For Richer Retirement

Nearly half of savers think property will deliver the best long-term returns - but workplace pensions are seen as the ‘safest’ way to save, according to a new ONS survey

Emma Simon 12 October, 2016 | 1:16PM

When it comes to saving for retirement, people view workplace pensions as the ‘safest’ option, according to the latest Wealth & Assets survey from the Office of National Statistics.  However, property is seen as more lucrative, and the asset most likely to produce the best returns in the long run, according to this research.

The survey showed that 41% of consumers thought an workplace pension scheme was the safest way to save for retirement. This was significantly higher than the next most popular answer – property – cited by just 28% surveyed as the safest option for retirement savings.

But a larger proportion of those surveyed  – 45% - though that investing in property would make them the most money. This compared to just 25% who thought workplace pensions would deliver the best long term return.

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About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk

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