Consumers 'completely disengaged' from pensions - report

The annual research shows the public harbours a deep distrust of government, traditional pensions providers and advisers. The report also shows consumers regard annuities as “legalised robbery” and 40% of people plan to use property to help fund their post-work lives. Malcolm Small, chairman of The Pensions Report 2007, says: “Despite some of the damning indictments of the current system uncovered in this year’s study it is not all bad news for the pensions sector. “Our findings have shown encouraging signs that consumers are aware that they have a pension crisis looming and that they a...