Share
Print
Print Share

High Risk Funds 2014

10/10/2014

Old Mutual Wealth pensions specialist, Jon Greer, comments on the CPS report which casts doubt on the Government's ability to pay state pension benefits in the future.

New research shows that on average the state pension currently accounts for a third of all income Britons have in retirement, suggesting that today’s report about state pension funding potentially being at risk is a huge concern.  The research was carried out by investment business Old Mutual Wealth amongst 1,500 50 -75 year olds.

Jon Greer, Pensions Specialist at Old Mutual Wealth comments:

“Although the state pension is not enough to survive on alone, it does account, on average, for a third of the income people in Britain currently have in retirement.  This does not look set to change, with 86% of people approaching retirement (aged 50+) expecting the state pension to form part of their retirement income.  Today’s report will be a worry for those people and highlights the need more than ever for people to take control and ensure they are saving enough themselves to fund their retirement years.”

For more information contact

Tim Skelton-SmithOld Mutual Wealth02380 916 99807824 145 076tim.skelton-smith@omwealth.com

Notes to Editors:

About Quilter plc:

Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Quilter plc oversees £118.4 billion in investments (as at 30 June 2019).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions; and discretionary fund management.

The business is comprised of two segments: Advice and Wealth Management and Wealth Platforms.

Advice and Wealth Management encompasses the financial advice business, Quilter Financial Planning; the discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.

Wealth Platforms includes Old Mutual Wealth UK platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.

The Quilter plc businesses are being re-branded as follows: 

  • Quilter Financial Planning (previously Intrinsic)
  • Quilter Private Client Advisers (previously Old Mutual Wealth Private Client Advisers)
  • Charles Derby Group (becoming Quilter Financial Advisers)
  • Quilter Financial Adviser School
  • Quilter Cheviot
  • Quilter Investors
  • Old Mutual Wealth (becoming Quilter Wealth Solutions in 2020)
  • Old Mutual International (becoming Quilter International in 2020)

This press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc.  Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270.  Registered in England.