Prudential: Advisers feel customers' retirement plans are not working out

www.moneynews.co.uk > Pensions > Prudential: Advisers feel customers' retirement plans are not working out

Prudential: Advisers feel customers' retirement plans are not working out

Tue 2nd Jun 2009

Almost half of the financial advisers working for pensions provider Prudential believe that the retirement plans of their customers are not on course.

Overall, 43 per cent of the advisers said they are not confident that their customers' plans for retirement are going to be fulfilled, while 34 per cent said they are reasonably confident that they will be.

However, the picture is not completely bleak, as one-third of respondents said that they have seen an increase in the number of people enquiring about retirement planning over the last three months.

Director of intermediated sales at Prudential Andy Curran said: "It's good to see that half of advisers say they've seen an increase in the number of people using the open-market option."

The latest figures from the Office for National Statistics show that just 21 per cent of men and 32 per cent of women earning under £300 a week in the UK opt for employer-sponsored pension schemes.

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'