A further 8% have already invested in buy-to-let, while more than one in five savers (21%) regret or are unsure about saving into a pensions fund.
Steve Griffiths, head of sales and distribution at Kensington, said:“The launch of pension freedoms has led to a lot of excited talk about the potential boost for buy-to-let with thousands of retired landlords rushing to set up in business.
“With so many people unhappy with pension saving there is a need for alternative approaches but buy-to-let will not be right for everyone and anyone planning to do so needs to get advice from a broker as well as advice on other issues including tax.
“The fact is buy-to-let is already a strong and growing market with more than 1.63m mortgages worth around £188bn representing around 14% of the total mortgage market and there is plenty of advice available as well as lenders willing to lend.”
Over-40s still generally support saving into a pension, with four in five (78%) retirement savers happy they took out a pension.
Pension freedoms allow over-55s to take their defined contribution fund as cash subject to tax rates.
Around half of potential buy-to-let investors say they would use their pension fund to start as a landlord or to expand their portfolio.
