Fewer than one in five pension savers have confidence in the new government, according to recent research from My Pension Expert.
It found that more than a third (36%) of the UK adults surveyed thought that the government will be unable to stabilise the pensions market, despite Rishi Sunak and Jeremy Hunt's attempts to restore faith in the UK economy. Only 18% said they had confidence in the government's plans. Almost half (45%) believed the current financial crisis had negatively impacted their retirement strategy. More than a quarter (26%) said they had now lost confidence in their pension scheme. Some 68% stated that the recent turmoil in Westminster was distracting from the cost-of-living crisis, the researc...
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