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News: UK adults welcome new pension world

Updated 02 February 2022

1min read

Nick Green
Financial Journalist

Positivity for the new pension world


More than 40 per cent of working adults in the UK feel more positive about pension schemes thanks to the new rules coming in April 2015.  This percentage comes from a study conducted by the Association of Investment Companies (AIC), as part of their ‘Freedom in Pensions’ series.  The study, which focused on adults age 40+, found that nearly 60 per cent of adults believe they will need an income in retirement for 20 years or more.  According to the AIC, this research suggests that consumers welcome the new pension freedoms, which is reflected in the results as nearly 30 per cent are said to be ‘more inclined to increase pension contributions’.  The highest ranking reason that made consumers more positive is the flexibility to access their money should their circumstances change, an aspect that adults across all ages are looking forward to.  There are several pension schemes open to everyone, however it’s best to seek advice from a financial adviser who can help determine which scheme is best for you.

To read the full AIC report click here.

About the author
Nick Green is a financial journalist writing for Unbiased.co.uk, the site that has helped over 10 million people find financial, business and legal advice. Nick has been writing professionally on money and business topics for over 15 years, and has previously written for leading accountancy firms PKF and BDO.