Tag: Friends Provident

Credit crunched Brits choose cosy nights in

Credit crunched Brits choose cosy nights in

One in three Brits are saving money by going out less often and socialising at home. In a poll by Friends Provident, 35% of respondents said they have been going out less frequently since the recession began. One in five (22%) have become ‘social-nesters’, bringing their nights out into their own living room. A third [...]

October 27, 2009 | 0 Comments More
UK workforce clueless about private pensions

UK workforce clueless about private pensions

More than half of UK adults are clueless about how to set up a private pension, research by Friends Provident has found. The pensions provider found 58% of Brits don’t know how to open a private pension fund, while 55% think they’re not saving enough towards their retirement. One in six (15%) confessed to not [...]

September 6, 2009 | 0 Comments More
Sales at Friends Provident down by 40%

Sales at Friends Provident down by 40%

Friends Provident, the life insurer, has experienced a 40 percent fall in life and pension sales for the first quarter of 2009 to £109 million, as the recession has put off potential customers in saving for the future. Following the reported results, shares in Friends Provident lost 8 percent. In a bid to rectify losses, [...]

April 28, 2009 | 0 Comments More
State pension should be doubled, finds research

State pension should be doubled, finds research

State pensions in the UK are half of what they need to be for a comfortable retirement, research by Friends Provident has discovered. A poll conducted by the pensions provider found that on average Brits estimate needing £832 per month to live comfortably in retirement, £439 more than the standard state pension. Seventy-five percent of [...]

January 5, 2009 | 0 Comments More
75% of Britons say state pension not enough

75% of Britons say state pension not enough

A survey carried out by insurer Friends Provident has established that 75% of Britons believe the state pension is not enough to provide a comfortable retirement. The survey was conducted to mark the 100th anniversary of the state pension and questioned 3,056 people. However, while three quarters of respondents said it did not provide an [...]

December 31, 2008 | 1 Comment More
Home ownership no longer a pension option

Home ownership no longer a pension option

Friends Provident is urging homeowners to review their plans for financing retirement, if they have been banking on raising cash from property to provide a nest egg at the end of their working lives. The firm’s head of pensions, Jeremy Ward, warns that if house prices continue to fall, people could find themselves in serious [...]

July 22, 2008 | 0 Comments More