View more on these topics

Two in five adults choose property over pensions

Two in every five adults would choose property over pensions to provide for their retirement, a report by Mintel reveals.

This figure is compared to just one in four who would consider a company pension and a mere one in six who would consider a personal or stakeholder pension. The report shows that property proved to be the single most popular way to build up a retirement pot.

Paul Davies, senior finance analyst at Mintel, says: “Low interest rates and the recent poor performance of the stock market, as well as a fall in pension scheme funds, have meant that property has probably never been so attractive as a way to save for retirement.

“But investing in property can catch homeowners out. If fortunes change and interest rates continue to rise, many may find that they have unmanageable mortgage repayments. On top of this there are no guarantees of selling the property.”

The report also shows that a third of adults would consider putting money into an ISA, and a similar proportion would consider saving money in a deposit or savings account.

Recommended

Skipton appoints head of corporate investments

Skipton has appointed Liz Law as its new head of corporate investments to manage any further acquisitions to the 18-company strong Skipton Group, while overseeing relationships and communication within the Group. With an MSc from Leeds Metropolitan University, Law joined the Society in 1990, working her way up through a variety of roles, including stores […]

Let&#39s move to affordability as the self-cert criterion

From Neil CalverBarely a week goes by without some sort of mis-selling scandal rearing its ugly head. This time it seems to be turn of self-certification mortgages. So are they a licence to print money? Of course not. One possible way to dispel allegations of fraud and obtaining monies by deception would be for lenders […]

SPML launches light adverse mortgage range

Southern Pacific Mortgage Limited is to launch a range of light adverse mortgages from December 1 2003. The seven schemes within the range cover LTVs up to 95%, with rates ranging from 2.25% to 4.25% above LIBOR, depending on LTV and levels of adverse credit history. The loans are available for purchase and remortgage, for […]

Enterprise offers service guarantee

Enterprise Homeloans, the exclusive packager for the Zurich Advice Network, is offering a &#39service guarantee&#39. Enterprise has provided full &#39case-ownership&#39 since September 1, meaning that the underwriter who provides the solution to the original enquiry is the same underwriter who deals with the application on receipt, and is always contactable via a direct dial number. […]

'Feeling the Squeeze'

Royal London carried out a UK wide survey with 2,500 consumers age 35-44 over the summer. The survey found that over a third, 34 per cent, said their finances felt Squeezed and so were struggling to meet day-to-day expenses, despite 87 per cent being aware that they need to save more. However, the survey did […]

Newsletter

News and expert analysis straight to your inbox

Sign up