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.
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