Half consumers support compulsory pension saving

According to a Friends Life survey of 2,000 people, half backed compulsion while a further 30% said they had no opinion. Another 24% would view compulsion as another form of tax and said they would not want to pay it, Friends Life said. The insurer said 61% of respondents revealed they are not confident in their own ability to save enough for retirement without government or employer intervention. One in ten respondents did not know what their current pension contribution was, almost a fifth had no pension at all, and 35% saved less than £100 per month, the survey said. Martin P...