Subscribe to The Money StopNews Feed

Browse > Home / News, News-Mortgages / Property alternative investment to pensions

Property alternative investment to pensions

August 23, 2007 by admin  
Filed under News, News-Mortgages

Leave a Comment

With many assets-rich Britons seeking out alternative investments to their pensions, industry experts yesterday suggested that property could be the way to go.

Current government breakdowns of pensioners’ income suggest that investment income stands at nine per cent.

State benefits stand for 45 per cent, with other types of pensions forming a total of 28 per cent.

The chief executive of the Pensions Advisory Service (PAS) pointed out that investing in property was advisable, because “it’s probably better not to put all [of your] eggs in one basket”.

Malcolm McLean added: “Investing in property instead of a pension is fine, as long as you have the means to do it.

“People often say they wish they had put their money into property rather than a pension, but this isn’t always an option. The rewards in property investment – in people’s minds – seem to outweigh financial rewards from pensions.”

According to latest figures from the Office for National Statistics, total numbers of pensioners in the UK stood at 8.1 million.

Tags: Financial economics, option, state, Labor, breakdowns, pensions advisory service, Pension, go.Current government breakdowns

Tags:

Related Entries

  • Investors ‘expect more’ from buy-to-let
    • Britons are "confident" that returns from a buy-to-let investment will be more profitable than other avenues, research from Mortgage Trust has found.The group's figures indicate that three-quarters of new landlords make an investment in bricks
  • Buy-to-let is growing
    • The buy-to-let market is set to grow in 2007, with the latest figures showing that around one fifth of mortgages will be taken out on homes which will then be rented.According to Birmingham Midshires, the
  • Buy-for-uni mortgage has its benefits
    • Taking out a mortgage for a university residence can be beneficial for students and their parents.According to Moneyfacts, a so-called buy-for-uni mortgage allows students a mortgage of up to 100 per cent on their property
  • Downturn hits pensions savings
    • It has been suggested following recent research that the economic downturn and financial meltdown that has been seen over the past couple of years has had a serious negative impact on pensions savings amongst consumers
  • NAPF: Pensions still seen as most important benefit
    • Workplace pension schemes are considered the most important benefit an employer can offer and it is expected that their up-take will increase in the future, the National Association of Pension Funds (NAPF) has said.The Personal
  • Personal pensions ‘vital’ for women
    • Independent financial advisory Ruth Whitehead Associates has urged women in particular to make sure they have a personal pension set up, as well as other savings, to given them financial security in the future.Ruth Whitehead,
  • Ethical investment sales have increased, F&C says
    • Investment specialists the F&C Asset Management Group (F&C) have lauded the ethical investment sector as a "fast growing" part of the industry.While admitting that "it's still quite a niche part of the overall investment universe",
  • Growth in the use of equity release in the UK is “only a matter of time”
    • Increasing numbers of consumers are expected to use equity release over the next few years, one financial expert has claimed. According to the Safe Home Income Plans (SHIP), the increased use of equity release is

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!