Just 30% of people think the government will implement its proposals on personal accounts and auto-enrolment, according to a report from the Association of British Insurers.
The State of the Nation’s Savings report reveals levels of trust in the government are very low in relation to pensions and people have little idea of what has been proposed for state pensions. Of the 3,117 people surveyed, 2% trust the government ‘a great deal’ in relation to state pensions and 1% trust it ‘a great deal’ in relation to private pensions, while 27% have a ‘clear’ view of how much state pension they can expect to receive in retirement. The report says in the run-up to 2012 there needs to be further open and constructive debate, with policyholders communicating their ideas...
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