UK. Many workers mistrust pensions industry, survey finds
Many people still mistrust the pensions industry, according to a report which found a strong appetite among workers for their money to be saved with ethics in mind.
Nearly three-quarters (73%) of people think it is important their pension scheme considers the environment, society and corporate behaviour when investing their money, a survey of members of workplace pension scheme Nest found.
But general levels of trust in pensions are low and seem unchanging, according to its report.
Nest also carried out a separate survey of working people who are eligible for automatic enrolment into workplace pensions.
That survey found that a quarter (25%) of people say they do not trust pension companies, “showing little improvement over the last four years”.
More than a third (37%) of people say they now consider the quality of their employer’s pension when deciding where to work.
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