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April 27, 2010

Public lack faith in pensions policies

by Richard Kilner

Story link: Public lack faith in pensions policies

Seven out of 10 Britons believe that the political parties have not done enough to explain their policy positions on pensions, according to a ComRes poll commissioned by Brewin Dolphin.

The poll also found that more than six out of 10 (62%) backed the concept of utilising the tax system to encourage a culture of saving.

More than half (51%) also wanted the UK to cut spending on public sector pensions, where liabilities are reckoned to exceed one trillion pounds.

Brewin Dolphin has repeatedly raised the serious issue of the widening gulf between private and public sector pensions, an issue which has not been addressed by any party to the satisfaction of the general public who will shortly be voting for a new government (or, perhaps, a hung Parliament).

Head of Corporate Affairs Charlotte Black has called on politicians to introduce policies that restore the public’s faith in the value of saving for retirement.

 

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