Retirement confidence improving for under-65s


By Krystine Lumanta

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Working investors aged under 65 had an improved outlook when it came to achieving a comfortable retirement, after confidence reached its highest level in two years, according to research from Investment Trends.

The “October 2013 Investor Intentions Index”, released today, revealed 27 per cent of surveyed participants felt “very confident” about having a comfortable retirement, while 24 per cent were “quite confident” about having a comfortable retirement.

“In October, the ‘comfortable-with-retirement’ index increased to the highest level since survey inception in September 2011,” Investment Trends senior analyst Recep Peker told financialobserver.

“There are still 28 per cent who are concerned about having a comfortable retirement, but that’s the smallest number of concerned people since inception of the study.”

The index was generally flat between September 2011 and August 2013, Peker said.

“It’s improved dramatically since August where there was a moderate level of concern, but this month we found them to be the most comfortable they have been,” he said.

“There have been times where investors said they have been very concerned, especially October 2012 and also between May and August 2012 they were highly concerned.

“So investors are more optimistic than they have been in the past, bar February this year.”

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