Over 80% of IFAs say clients use pension alternatives

The Pensions Report 2007, published next Tuesday, shows consumers use vehicles such as property, ISAs and insured investment bonds for long-term savings. Malcolm Small, chairman of The Pensions Report, says: “[Consumers] appear to be voting with their feet and walking away from pensions as a vehicle for retirement saving. “It has become clear that consumers are, for a range of reasons, completely disengaged from pensions as a whole, whether occupational or personal. They simply don’t trust anything they are told about them, whether by government, employers or advisers.” The report also s...