A total of 95 per cent of IFAs say that means-testing benefits in the UK acts as a disincentive to pension savings.
A poll on the BeeHive website run by Scottish Life pension guru Steve Bee revealed that only 5 per cent of 1,029 advisers surveyed thought pension credit was working.
The poll supports the long-held view in the IFA community that pension credit is inappropriate for the UK and comes after the House of Commons' work and pensions committee pledged to hold an enquiry into its effectiveness.
Scottish Life head of pen-sion strategy Steve Bee says: “The fact that over 1,000 voted on such an important issue and that the vast majority voted in the way they did should be taken seriously by those with the power to change the system.
“I have been saying for some time that pension credit is an obstacle to cost-effective distribution of pension products.”