Addressing the sceptics

UK investors are reluctant about investing in pensions because of poor returns and a lack of knowledge, so it is up to providers and advisers to address these problems and encourage greater take up of pensions

The UK has a long history of private pension provision. Traditionally, many employers have provided high-quality pension schemes for their employees, supporting them with employer contributions. Today, however, research shows that some seven million people in the UK are not saving enough for their retirement. More worryingly, however, recent research shows that a new climate of scepticism exists about pensions. Media stories about people failing to receive the pension they had anticipated has eroded public trust and led to a lack of confidence in pensions. The same research shows that this ...