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Pension contributions near top of financial priorities |
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Written by JGFR
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24 Apr 2006 |
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Pension contributions near top of financial priorities
Unsurprisingly given the amount of publicity given to pensions, the past year has seen more consumers expecting to pay in regularly to a pension fund. In March 2005 32% of adults (52% of full time and 38% of part time workers) expected to make a regular contribution to a pension scheme. This compares to 34% (57% full time; 44% part time) in the current Bulletin suggesting that increasing numbers of workers are addressing pension provision. Confidence in life and pensions products has strengthened during the past year – with the FAB Life and Pensions Index rising from 106.2 in March 2005 to 114.7 currently. Life companies can also look forward to solid regular life insurance contributions – a quarter of adults expect to contribute to a regular life scheme– although expected lump sum life and pension contributions weakened in the quarter. http://www.jgfr.co.uk
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Last Updated ( 24 Apr 2006 )
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