Britons are not confident that their pension will provide them with enough financial security to enjoy their retirement, according to a new report.
Figures from a recently-published survey from the National Association of Pension Funds (NAPF) have revealed that just 34 per cent of respondents feel confident that their pension income will be enough.
The report also revealed that being financially secure is the moat important factor in ensuring a happy retirement.
According to the NAPF, 71 per cent of Britons said financial security is most important, while 69 per cent said good health was the key.
By way of comparison just 45 per cent said spending time with friends and family was the most important factor.
Joanne Segars, NAPF chief executive, said: "In the retirement happiness stakes, wealth edges ahead of health because it lays the foundation for future life after work.
"The challenge for the next decade is closing the gap between what people want in retirement and how confident they are in getting it, even more so for women."
A lack of confidence in pension products could lead to a rise in the popularity of policies which enable pensioners to access the value of their investments.
Those who have invested in a property could realise the value of their home and receive a welcome financial boost through an equity release scheme.
