Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Bank claims: Many Brits 'uncertain about retirement income'

Many people could find themselves trying to fund their retirement by making loan claims or incurring credit card charges.

Recent research from Barings Asset Management revealed 25 per cent of Brits do not know how they will pay for things when they reach pension age.

Many UK adults have failed to plan their pension property, with just 56 per cent of people planning to use this income stream to help them in old age.

This indicates that 15.7 million individuals older than 18 but who have not yet retired will not use a pension to cope with retirement.

From 1st October 2012, employers will be obliged to automatically enrol their staff in a workplace pension scheme.

However, 29 per cent of respondents to the Barings poll forecast cash to play a role in their retirement planning, with the same proportion predicting property investments to have some utility at this time.

Furthermore, 17 per cent of people said inheritance would help them meet their expenses in retirement age.

"The suitability of some of these sources can be questioned, such as a reliance on inheritance," chief investment officer at Barings Marino Valensise said.

John Fieldman
Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801424915-ADNFCR

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide