Axa pensions survey reveals lifestyle trend for retirement

www.moneynews.co.uk > Pensions > Axa pensions survey reveals lifestyle trend for retirement

Axa pensions survey reveals lifestyle trend for retirement

Fri 9th Apr 2010

It was found that a quarter of customers would fund their retirement by downsizing their home, while half expected to rely on some form of asset release.

David Thompson, managing director of wealth investments and distribution, suggested this was a baby boomer zeitgeist - people born in the UK immediately after the second world war - and that moving to buy a house either in the country or overseas were the options typical to this group.

He said: "The property market could witness a glut of properties coming onto the market in the next ten to 15 years, corresponding with a massive hunt for cheaper rural houses."

It was found that 56 per cent of 45 to 49-year-olds sought a lifestyle change in retirement and generally this was expected to come from property assets.

Axa also recently found that the three main priorities for the baby boomers' retirement are health, happiness and holidays, but younger generations of householders do not expect they will be able to fund such wishes.

Click here for more pensions news

Related News : Pensions
	Over-55s don't believe in paying for care, reveals Aviva
	East Midlands comes top in pension contributions
	Corporate pensions provider issues advice for businesses
	One third of workers have no pension, claims Prudential
	More than a third of Brits fail to reassess pension risk, claim experts
	Women protest at No 10 over proposed pension reforms
	Retirement age 'to be brought forward by ten years'
	Interest rates held at 0.5 per cent by Bank of England
	Pension contributions fall in recession, ONS reveals
	Equity release for retirement 'might not suite every household'

Related News : AXA
	Co-op announces banking improvements to premier accounts
	Economic confidence among over-50s at rock bottom, claim AXA
	AXA expert unsurprised by retirement calculator decision
	AXA highlights potential pensions calculator opportunity
	AXA questions IDS pensions calculator claim
	AXA pensions calculator expert joins reform debate
	Axa retirement calculator expert highlights timescale of reforms
	Three pension calculator recommendations proposed by Axa
	More education could increase use of retirement calculators, says Axa
	Pension calculator provider Axa criticises government policy