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Public doubts ability of politicians to deal with pensions crisis

Almost half of the British public think that none of the UK’s political parties will be effective in dealing with the pensions issues facing the nation.

Research commissioned by newly launched Beat the Pensions Crisis, a book and website that aims to help people take control of their pension savings, found 44 per cent of those surveyed did not believe any party would be effective in dealing with the pensions crisis.

The Conservatives fared better than political rivals, receiving 20 per cent of the vote. Only 15 per cent thought Labour would be best while the Liberal Democrats followed with 8 per cent.

Beat the Pensions Crisis co-author Brian Wood says most people have lost faith in politicians when it comes to pensions.

He says: “Pensions planning is arguably one of Britain’s biggest economic and political challenges. It is certainly one that will be discussed on the doorstep in the run up to a general election.

“Currently seven million people are not saving enough to fund their retirement and this certainly is not being helped by a constantly shifting pension policy.

“People are concerned about what their retirements hold, they want help and they want answers. But it is clear most people have lost faith in the ability of politicians. Therefore, people must start to find their own answers and take control of their own financial futures – we can no longer rely on the Government to do this for us.
 
“We recognise the sheer volume of information, shifting policy and a financial services industry dominated by jargon has put people off engaging with this important issue.

“We have launched a book and free to use website to cut through this jargon and give them the tools to properly plan for their retirement.”

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