Consumers do not trust government to help with retirement

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UK consumers do not trust the government over the issue of pension provision, according to new research from Key Retirement Solutions.

The equity release provider says 41% of consumers believe the government should be responsible for ensuring people have good pensions provision to help them enjoy a comfortable retirement. But less than 1 in 5, only 17%, of consumers actually trust the government to help them make sufficient arrangements for retirement. The research also reveals almost a third of UK consumers (27%) only trust themselves to ensure they make adequate provision for retirement. After themselves, consumers trusted Independent Financial Advisers (22%), employers (18%) and pension providers (13%). Despite, thi...

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