Britons increasingly opt for pension compulsion - Axa

Continuous research from Axa has so far found 14% of Britons believe paying higher taxes to fund a more generous state pension will best solve the problem, while 10% would raise the age of eligibility for the state pension above 65 to tackle the issue. That said, the remaining 9% of those questioned believe sitting on the fence and risking poverty in retirement is acceptable. Axa’s commissioned research rides on the back of a recent report chaired by Adair Turner, highlighting a £57bn shortfall in retirement savings. Head of pensions marketing at AXA, Steve Folkard says the problem o...