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ABI survey shows faith in pensions and savings edging up

The ABI is claiming that confidence in saving is creeping up following the release of the latest results of its pensions and savings index.

The survey of 2,479 people in January shows a “small but significant” change in attitudes and confidence levels, with trust in the Government&#39s pension policies rising slightly to 17 per cent from 15 per cent in the initial survey which was carried out in October last year.

The number of people confident that they will have enough money to retire on rose from 35 per cent to 38 per cent and if they had spare cash, 32 per cent of people say they would save it, a rise from 26 per cent on the previous survey for the index.

Informed Choice managing director Nick Bamford says: “Being 2 per cent up on the number of people confident in the Government&#39s pension policies is good news but, equally, if I was in Government, the response from those with no confidence was, I would say, a fantastic vote against me.”

ABI head of pensions and savings Joanne Segars says: “This is encouraging ground for the forthcoming Pensions Bill to build on. The Government must ensure that the measures in the bill provide a further boost to public trust, confidence and und-erstanding in all types of pensions.”

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