More than half the nation sees compulsory pension contributions as a possible solution to tackling the country's £57bn pensions shortfall, suggests research.
Commissioned by Axa, the research suggests more than 23 million adults would vote in support of making savings into a pension by employees and employers compulsory to secure retirement income. The findings follow last week's Pension Commission report, chaired by Adair Turner. Some 22% questioned claim they would vote against savings compulsion, instead favouring this be left up to the discretion of the individual. One-in-five say they would not vote at all due to the inadequacy of information provided about the issue. Greater London is most likely to vote 'yes' in a referendum - 5...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes