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Regular pension contribution intentions at new peak |
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Written by JGFR
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Regular pension contribution intentions at new peak
Confidence in life and pensions products edged up further in the latest survey. Overall around 46% of consumers expect to contribute to a life or pension scheme in the coming months – up from 41% in December 2004. With pensions very much in the news following the Turner Commission’s recommendations, a record proportion of adults (37%) expect to contribute regularly to a pension scheme in the coming months, compared with 30% in December 2004. suggesting that increasing numbers are addressing pension provision. Among those in work the proportion intending to contribute to a regular pension is 55%, up from 52% in September and 43% in December 2004. Life companies can also look forward to solid regular life insurance contributions – a quarter of adults expect to contribute to a regular life scheme (21% December 2004) – although expected lump sum life and pension contributions continue to remain subdued.
John Gilbert Financial Research, http://www.jgfr.co.uk/
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