Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.


  • 92.2% of UK pension planners would consider an alternative investment in order to quickly and effectively maximise their retirement income
  • 88.7% stated they wanted the flexibility in retirement to take tax-free cash and then income at a later date – supporting the April reforms to the industry
  • 89.8% declared that they wanted greater control over their investments
  • Avacade Future Solutions’ analysis of more than 10,000 UK pension planners reveals a greater need for alternative solutions in line with a rejection of inadequate traditional pensions

On 7 April the government’s pension reforms will come into fruition, providing unprecedented financial control to the UK’s retiree population. From its analysis of 10,000 UK pension planners, Avacade Future Solutions (AFS)today launches the Alternative Generation Report, carried out to further understand the intentions and opinions of the UK pension planner, ahead of the upcoming pension reforms. The analysis unearthed an overwhelming level of support for the government’s plans – with 89.9% declaring a desire for more control over their investments than they currently have.The Alternative Generation report underscored there forms to be acutely relevant, if not significantly overdue for the overwhelming majority of the UK’s retiree population.

The launch of today’s insightsreflect a British public that is ill-prepared by way of savings and time, facts underlined by an overriding lack of motivation to save for their future. Consequently, a vast 92.2% said they would consider an alternative investment in order to maximise their retirement income. For today’s generation of nearly retired, the April reforms have catalysed the ability forgreater access to, and ultimate control offunds. Quite evidently, the UK’s nearly retired are no longer willing or able to compromise present-day financial security for that in retirement. Instead, Avacade’s 10,000-strong sample of active pension planners is turning to alternative methods of pension preparation that supports personal desires of a contented pre and post retirement life – an objective for which traditional solutions simply do not accommodate.

In a year that will see the most significant reforms ever to take place in the UK pension system, the Alternative Generation report has exposed an empowered “grey-market” saver as the predominant voice of the UK retirement market. To understand the financial motivations that underpin this continually evolving demographic, in 2014, AFS launched its flagship research study – The Pension Survey Data Report1. Key findings from the report were:

  • The average UK pension pot of its 10,000-strong database isjust £33,000
  • Tomorrow’s retirees would subsequently be left with just £39.66 a week in retirement. Even when combined with the maximum state pension, they would be retiring into poverty2
  • To meet their desired retirement income, the AFS sample required £334,102 –

 90% more than the reality of what they were receiving

The pension planner sentiment outlined in The Alternative Generation report is reinforced bya recent study from Aquila Capital4. The results revealed an increasing number of institutional investors are turning to real assets – direct investments such as metals, power or forestry – because equities and bonds are failing to deliver their target returns. The study also highlighted that the trend looks set to continue, with 60% of institutional investors polled expecting allocations to real assets to increase in the next three years. Further underlining the UK’s far-reaching appetite for non-traditional products, both amongst pension planners and retail investors, was Avacade’s research in 2014, the Alternative Investment Index (The AII). The study, carried out with around 200 retail investors throughout the UK, revealed that 87% who had invested in an alternative product, such as containers, stamps, fine wine or forestry, would do so again. Supporting the AII report, Coutts Passion Index3 revealed that ‘passion investments’, including classic cars, watches and wine, experienced an average increase in value of 77% between 2005 and 2014 – outperforming shares by a significant margin.

The UK’s shift towards alternative investments suggests an acute, national requirement for speedier, high-yielding solutions to counter the alarming state of traditional pension provisions.

Lee Lummis, Managing Director, Avacade Future Solutions, said: “The pension reforms announced last year have helped to create awareness around the need to effectively plan for retirement whilst also giving planners the means to grow their pension. We have discovered a generation of pension planners that are seemingly dissatisfied with the more traditional means to do so, and with alternative products performing strongly, it is no surprise they are growing in popularity. Our findings suggest that pension planners are not only aware of and engaged with the reforms to the pension industry but actively support the greater freedoms they will receive. With almost 90% of our sample wanting greater control and the ability to take out a tax-free cash lump sum followed by income, they look certain to benefit from the changes when they come into effect. It is imperative, however, that everyone looking to secure their pensionable years is given the facts and figures about all the options available to them to ensure only a fully informed decision is made.”