UK- One in four people aged 55-plus invests in shares as an alternative to their pensions, research from Lincoln Financial Group has revealed.
Lincoln Financial Group claimed investors were risking their retirement income on the stock market, with 21% of those over-55s considering increasing the money they had invested in the stock market despite recent volatility.
Simon O'Connor, group head of product and marketing at Lincoln Financial Group, said the results of the survey were a concern.
He said: "People heading for retirement playing the stock markets to ensure they can have a comfortable standard of living are playing a very dangerous game.
"Stock market volatility this year has been pronounced and the recent past has seen four years in which the FTSE-100 has ended the year down. In fact the FTSE has still not returned to its high at the end of 1999."
Lincoln's research showed 44% of those aged-55 plus invested in the stock market through unit trusts, stocks and shares, ISAs and PEPs.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.