UK puts pension's faith in celebrity relics

A growing number of people in the UK are considering funding their pensions with celebrity memorabilia, research for Aon Consulting has claimed.

The finding is part of a survey of alternative pensions investments, with 70 per cent of people prepared to consider unusual investments over traditional pension funds.

Celebrity relics were picked as a hot-tip investment by 29 per cent of respondents.

A more sensible 38 per cent said that they would consider art and antiques, while 34 per cent picked evergreen forest and a similar number would choose classic cars.

Almost a third are placing their faith in fine wines and whiskies, said Ian Dearnley of Aon Consulting.

"It's great that employees are thinking about alternative ways to fund their retirement as a diverse investment portfolio can help to minimise the risk of poor returns," he said.

"However, the average UK investor should be wary of directing too many funds towards the latest investment craze of buying signed photos of today's hottest celebrity, or relying on a dusty bottle of Bordeaux to appreciate in value, without initially seeking proper investment advice.

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