For 44% of British adults a pension is not expected to be the way they fund their retirement, according to research by international investment management firm Baring Asset Management (Barings).

The study found that 29% of the respondents are planning on using property and 29% plan to use cash to fund retirement, while 17% stated that inheritance would be their means of funding.

Of those questioned, 25% admitted that they were unsure as to how they would be funding their retirement.

Marino Valensise, chief investment officer at Barings, said: “It is very surprising to the see just how varied retirement funding sources have become for many people in the UK.† While diversification is crucial to best-practice asset management, the suitability of some of these sources can be questioned, such as reliance on inheritance.”

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