Nine in ten pension professionals believe property has a role to play in supporting individuals’ retirement income.
The results were taken from a survey of 200 attendees at an event hosted by the Society of Pension Professionals.
Attendees were also asked to what degree they thought pensions should support an individual’s broader financial needs.
Almost half of respondents (46 per cent) thought that pensions should play a broader role; just over a quarter (28 per cent) thought that pensions should play ‘a limited role, with careful design’; around one in five (22 per cent) said that they were open minded about the role of pension savings; 4 per cent answered “not at all”.
SPP Council member Calum Cooper says: “This SPP polling demonstrates an increasing recognition that individuals may need to draw on a range of assets and savings vehicles to achieve the standard of living they expect in later life, rather than being solely reliant on pensions.
“These findings also indicate significant support for the pensions ecosystem to evolve in a way that better reflects people’s wider financial needs, while still maintaining their core purpose of providing a sustainable retirement income. Of course, any pathway to achieving this will take great skill and care.”
The SPP has more than 90 corporate members, who collectively employ over 20,000 pension professionals.