A pension invested partly in the stock market with the remainder in other types of investment is still a popular choice, according to new research.
Research from Prudential has revealed that over a third of people said they would prefer to invest their pension partially in the stock market, with the rest made up of other investments, despite uncertain market and economic conditions.
The figures may be a reflection of the recent improvement in the performance of the FTSE 100 index of leading shares which, having fallen to a five year low in March, has climbed considerably in recent months.
Just short of three in ten (29 per cent) people said they would prefer their pension to be invested only in cash or very low-risk investments. Twenty two per cent said they did not yet know how they wanted to invest their pension.
"Despite immense volatility in the stock market over the past year or so, there is still evidence of consumer confidence in equities to deliver a promising return for pension investments in the long term," commented Andrew Brown, Pru's director of investment funds.
"We've seen a marked increase in the numbers of people looking for a home for their money which they can trust, knowing that it has a solid capital base and a long-standing history which will stand it in good stead."
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.