Provision for Retirement

Pensions and long term care

  • Nearly half of individuals are not making enough provision for retirement.
  • 70% of consumers with incomes <£20k have no pension in place
  • Around 60% of the total £6.5 trillion wealth in the UK is in property; the over 65s have £1.1 trillion of unmortgaged equity, yet the home equity market has so far fallen well short of its potential;
  • Decumulation options are limited for consumers with small defined contribution pension pots.