The World Cup of Retirement Savings

As the World Cup reaches the knock out stages, most pundits would agree that this World Cup has produced some high quality matches. The tournament has also highlighted how the so called “lesser football nations” have developed into formidable opponents for the European teams.

Against this backdrop, I was reminded of an interesting survey carried out by Nielsen- Global Survey of Saving and Investment Strategies at the end of 2013 which compared retirement strategies & intentions around the world.

The survey highlighted that the US & Asia - Pacific countries had a strong focus on saving for retirement; in fact 30% of US respondents said this financial goal received the highest monthly contribution. Less than 1/3 of respondents in Latin America and the Middle East were saving for retirement. The Europeans came bottom of the poll with only 26% of respondents actively saving. 36% of European respondents also felt that they would need 20 years or more to achieve their financial goals. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The findings of this survey are taken from respondents from over 60 Countries and highlights that Europeans view retirement planning through a narrow investment lens when  compared to Asian-pacific countries. ITC Self- Administered pensions facilitate a broad range of Investment choice such as Property, Deposits, Bonds and Multi- investment platforms.  It’s also worth emphasising the merits of pension planning particularly when you compare the tax relief available to pension products over alternative retirement saving strategies.

So as countries like England change from considering the merits of  4-4-2 to boarding a 7-4-7,  the coaching staff & players will take stock and look to rebuild their respective teams. Hopefully the same will apply to pension savers as the economy recovers.

 

Michael Keyes

Marketing & Client Relations Director

*Please note this content is the view of the author and not of Independent Trustee Company