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| Pension stocks |
Due to the turbulence amid the cost-of-living crisis, people are taking various initiatives to reduce its impact and budgeting their money to spend on essentials. While some are cutting costs on non-essentials, many in the low income group are limiting the use of necessities like energy and food as well. Overall, all the brits are trying to save money.
A new survey mentioned that almost a quarter of pensioners are either mulling
withdrawing from it, limiting paying it, or minimising their contributions due
to the financial headwinds. You can explore the mentioned stocks if you are
also concerned and looking to invest in pension stocks.
Read further to learn more about the topic.
Top 3 Pension stocks to watch this December.
1. Barclays Plc (LON: BARC)
Founded on 17th November 1690, Barclays Plc is a British multinational universal bank headquartered in London, England. It basically operates through its two divisions, i.e., Barclays UK and Barclays International, supported by a service company, Barclays Execution Services.With a market capitalisation of £25,191.71 million, Barclays is a constituent of the FTSE 100 index. As on 15th December 2022, the share has an EPS of 0.38, which has depreciated by more than 15% over the past year.
2. Aviva Plc (LON: AV.A)
Headquartered in London, UK, Aviva is the UK’s largest general insurer and a leading life & pensions, provider. It was founded in 1696 and focuses on growth markets of South East Asia & China through investments & joint ventures with each other.The company is a constituent of the FTSE 100 index and enjoys a market capitalisation of £12,451.88 million. As of 15th December, its EPS stood at 0.50 and its stock traded at GBX 127, up 0.79% as of 10:58 am GMT.
3. XPS Pensions Group Limited
Established in 1987, XPS Pensions Group Limited is a UK-based leading pure pension consultancy company. Concerning long-term financial well-being and delivering profitable organic growth to millions of people, XPS Group advises over 15,000 pension schemes across 15 locations in the UK.With a market capitalisation of £292.49 million, the company belongs to the FTSE All-share index. Its share value has appreciated by 2.94% over the past year. XPS shares were down 0.36% at GBS 140.00 as of 12:01 pm GMT on 15th December 2022.
Final Words-
The above stocks are mentioned to share knowledge about pension stocks trend in the UK. They are not any sort of stock recommendations. Hence, it is advisable to conduct an in-depth before investing in any of the stocks.