NAPF: Record pension gloom threatens auto-enrolment

The National Association of Pension Funds' (NAPF) annual confidence survey found 48% of working adults did not have faith in pensions forcing its confidence index into negative territory for the first time. Its survey of 896 employees also found just 28% rated pensions as the most important benefit, down from 41% last year. The organisation believes the sharp falls reflect low consumer confidence, perceptions of pensions' inflexibility and costs, and this summer's heavy stock market falls. The NAPF pensions confidence index now stands at -6%, down from 5% the year before and 11% in...