Consumers dont trust pension providers, says report Government body criticises industry for failing to take consumers fears into account after introduction of auto-enrolment. Consumers do not trust the pensions industry and equate investment with casino-style gambling, according to a report from the governments workplace pension scheme. National Employment Savings Trust (Nest) found that consumers wanted their pensions to be safe and reliable but they associated the industry with corruption and incompetence. The financial crisis had made people more wary of investing by increasing fears that their money could be lost. Nest said the findings were a worry given that auto-enrolment into workplace pensions had started and people retiring had been given greater freedom over what they do with their pension pots. theguardian/money/2014/jul/07/pensions-trust-report
Posted on: Mon, 07 Jul 2014 08:27:53 +0000