Two in three 'unsure pension will be enough'

Only a third of people saving for retirement believe that their pension will be enough to support them when they give up work, research shows.

This is despite 44% of those responding to the National Association of Pension Funds' (NAPF) survey being of the opinion that pensions are the best way to save.

Less than half of those polled believe that property is a better investment for retirement.

Commenting on the findings, NAPF Director of Policy Nigel Peaple explained: "It is clear that people greatly value pensions.

"They consider pensions to be the best way to save for retirement - far ahead of property - and over three quarters value an employer more if they offer a workplace pension."

Retirement planning may be affected by potential changes to tax relief rules proposed by the government.

Groups including the Association of Consulting Actuaries have called for the policies to be amended, calling them severely flawed.

Posted by Liam Tomlinson.