Third of UK adults doubt government will restore pension security 

Action needed to protect retirees and pension savers, experts say

Julia Bahr
clock • 2 min read

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Pension freedoms and lessons from Down Under

Pension freedoms and lessons from Down Under

How the UK can build a more 'robust and supportive' system

Verona Kenny
clock 09 April 2025 • 4 min read
UK workers regret not learning about pensions sooner

UK workers regret not learning about pensions sooner

Over half admit to feeling out of their depth, research finds

Isabel Baxter
clock 08 April 2025 • 2 min read
Why is it so difficult to switch a pension? Navigating the transfer maze

Why is it so difficult to switch a pension? Navigating the transfer maze

‘If I didn’t work in pensions, I might have simply given up on many occasions

Lisa Picardo
clock 08 April 2025 • 4 min read