In a recent survey carried out for our team here at Expert Pension Claims (Censuswide), we discovered that 1 in 4 Brits have serious concerns about their money lasting through retirement, amongst many other pension-related worries. Since these figures were picked up by national news publications like the Express, we wanted to take a deeper look into the statistics, what they mean and if we should really be worried about our pensions.
Do you worry about not having enough money to last through retirement?
Saving for retirement is one of our key plans in life and we’re often taught to do so from an early age. Pensions are one of the most common and widely-approved ways to do so, but do you still worry about not having enough money when you reach retirement, even though you’re putting money into your pension? Or maybe you’re worried you will never get to see your pension contributions? You’re not alone.
In fact, 1 in 4 Brits worry they’ll die before they can draw their pension, while over half of women in the UK worry they won’t have enough money to survive retirement. 1 in 5 people also think their pension contributions are a total waste of money, within 1 in 5 admitting to “not bothering” with their pension because they don’t think there is “any point.”
Every pension situation is different, so it’s important not to worry too much. Pensions Expert (and Independent Financial Adviser) Caroline Anstee suggests it’s important for us to pay attention to what we expect from retirement, and make plans accordingly. With this in mind, it’s easy to see why many Brits are turning to alternative pension arrangements such as investments.
Pension investments
Over the years, many Brits have invested their personal pensions in assets and funds, from shares in companies to government bonds. For some, this has proven a successful way to raise more funds for their retirement. However, many have also been mis-sold their pension investments.
Have you been mis-sold your pension investments?
If you have invested your pension, and you’re worried you might have been mis-sold, we can help. In fact, if you were mis-sold, you could be entitled to compensation that you could put towards your savings for a healthier retirement pot.
A mis-sold pension often refers to the act of selling itself. You can read more about this in our mis-sold pension investments guide, but you might have been mis-sold if you weren’t given the full information before investing, for example, or if you were not given the opportunity to shop around for other deals. Take a look at our mis-sold pension investments page to see a full list of criteria, and to discover if you were mis-sold.
If you’re ready to get get started with your mis-sold pensions claim, contact our professional team today! Fill out a simple form, and we’ll take care of the rest.
