A consumer survey commissioned by the Department for Work and Pensions is unlikely to add anything to the pensions debate, despite this being the government's intention, say industry officials.
An interactive survey has been posted on the DWP Debate website to try and gauge consumer opinions on pension reforms and how they would like the market to deal with the pensions crisis. But John Lawson, marketing technical manager at Standard Life, says the way in which the survey is set out is likely to render its findings worthless as the questions direct consumers to only one outcome – the UK should be saving more. Along with basic questions designed to help deduce a person’s background, financial status and current pension arrangements, the DWP asks consumers to state whether the...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
