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Consumer confidence in Government pensions policy on the rise

The latest ABI Pensions and Savings Index indicates consumer confidence in the Government&#39s pensions policy has increased by five per cent since September 2003, up three per cent since January.

The number of people confident they will have enough money to retire stands at 38 per cent, having increased by 3 per cent since September 2003.

The third phase of the research also indicates that the public&#39s attitude towards long-term saving is changing for the better.

Thirty-three per cent of people would invest spare cash in savings, up from 26 per cent in September 2003.

ABI head of pensions Joanne Segars says: “We have seen a steady growth in consumer confidence since we started their research in September 2003. But the Government is at a crucial stage of their pensions reform programme and we must all work together to develop consumer confidence and get Britain saving for retirement.”

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