Written by Money Marketing
Online pension modelling tools risk confusing customers by providing a wide range of possible investment outcomes, research warns. Altus Consulting took an average 42-year-old earning £29,360 with existing savings of £37,400 and pension contributions of 9.4 per cent of salary. It found a “massive disparity” in the potential size of the pot at retirement, with the most conservative estimate at about £115,000 and the most optimistic predicting nearly £370,000. There was also a huge variation in investment expectations, from below 1.5 per cent to over 7 per cent.
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