UK Money News
9th June 2008
Brits favour state pensions to fund retirement
State pensions remain the most popular way through which Britons hope to fund their retirement, new research has shown.
In a study conducted by Unbiased.co.uk, 50 per cent of those surveyed said they planned to use a state pension to fund or partly fund their retirement.
Meanwhile, 40 per cent said they intend to do so with an occupational pension scheme, which would typically provide them with a more substantial income.
Also popular is depositing money in a specially designated savings account and with a private pension, which accounted for 25 per cent and 23 per cent of the sample respectively.
Other findings from the survey were that a distinct discrepancy exists between the sum men and women invest in private pensions.
The average sum for a man was £180, while women were putting just £155 into the plans.
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