Consumer confidence in 'pensions' rising - ABI survey

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More people in the UK are thinking about stashing away money for their retirement as consumer confidence in long-term savings grow, the Association of British Insurers says today.

Its latest pensions and savings index out today suggests that 32% of people in the UK would now consider saving spare cash compared to just 26% last September. Some 38% of those surveyed add they are confident they will have enough money to retire on – that is in increase of 3% on September's responses. People also seem more confident the government will keep its word on pensions, with 17% saying they have faith in Tony Blair's pension policies. Joanne Segars, head of pensions and savings at the ABI, says: "These figures show a small but significant change in the public’s attitude...

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