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More failing to save for their pension, could property as a pension be the answer?
More failing to save for their pension, could property as a pension be the answer? 
According to a report by pensions provider Scottish Widows, there are an increasing number of people who are failing to save any money or many provisions for their retirement.
Tarporley,
Cheshire,
United Kingdom
(prbd.net)
08/12/2012
According to a report by pensions provider Scottish Widows, there are an increasing number of people who are failing to save any money or many provisions for their retirement.
The Scottish Widows survey revealed that of the 5,200 adults surveyed in the UK, 22 per cent of people aged between 30 and 65 and who earn an annual salary of at least £10,000 are not putting anything aside or making any plans for their retirement, and this figures has grown by 12% in just one year and each year the figure is rising.
From October, the Government introduced pension auto enrollment, which aims to tackle these alarming figures. The scheme will be phased in over six years, with between four and eight million workers enrolled into existing company schemes. However, works can opt out of the enrollment scheme. Under this scheme, firms will have to make sure that their staff who are eligible join the scheme, or that they recruit them into an alternative scheme such as Nest (the National Employer Savings Trust) instead.
Many people surveyed were relying on property, a partner's pension or inheritance but these cannot be guaranteed. Many had unrealistic expectations of the income they would receive from savings and had not thought about the age at which they wanted to retire.
Susan Alexander is a property mentor, she specialises in property investment coaching and mentoring, buy to let advice and helping property investors build a successful property portfolio. She also helps people plan their retirement and advocates the use of property as a pension. She says:
"It's important that people understand that they need to take their retirement seriously, however far away it seems. By the far the best performing asset is property so it's advisable to include this as part of your pensions investment plan. With property investment mentoring and coaching, you can ensure that using property as a pension will allow you the sort of retirement you desire."
Notes to Editors
So many people think they can invest in property themselves and feel that they don't need additional advice. Consider most of the worlds most successful people, they fast track to where they want to go by getting a coach or mentor To find out how property investment coaching can help you achieve your goals click here. To find out more about Susan Alexander Coaching and how she can help you plan retirement with property as a pension, click here
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So many people think they can invest in property themselves and feel that they don’t need additional advice.
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