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CommonSense

Prudential Report

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I heard on the radio this morning a snippet about Prudential producing a report saying that people are not saving enough for their retirement. Nothing new there, as everyone is maxed to the hilt. However it said that of all people interviewed 50% stated that property would be their nest egg, and an astonishing 20% saying they were relying on lottery or other gambling ventures to secure them in their colostomy years.

How many people were polled? etc, does anyone know more about this report?

I may well have been dreaming, although I hope not as I was driving at the time.

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Didn't the report also say that many people are relying on inheritance.

Ahh.. bless

I hope for their sakes that mummy and daddy have not been 'flogging off the family silver' (mewing, taking out equity to cover pension shortfalls etc).

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Didn't the report also say that many people are relying on inheritance.

Yeah, I remember hearing that too, I wasn't dreaming after all.

What a total mess, one in every five people's financial future based on a one in 13million chance their lottery numbers come up.

Meltdown is the only word for it.

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I heard on the radio this morning a snippet about Prudential producing a report saying that people are not saving enough for their retirement.

Rip - off insurers cant get over the fact we dont need thier investment 'expertise' anymore.

Pru are always reporting such savings surveys, especially since people clocked what a giant con thier so called savings products (deliberatley complex to mask thier true activities) are (read, Pru took huge commissions and charges for every pound invested). People got sick and tired putting money into savings plans that included poxy life cover, and the cost of that cover drained the investment content to the benefit of the Pru.

People lost confidence in traditional savings products. We all know people who got far less back than invested, not helped by the fact the providers never lost out. They creamed off charges and commissions no matter what the investment outcome.

So, people took to bricks and mortar.

A lot of brits (I know loads) have property abroad with no mortgage. Still savings.

Edited by dogbox

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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