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Thursday, September 08, 2011

Pensions Crisis Looming

The Office for National Statistics (ONS) has released figures that show that the number of people contributing to personal pensions fell from 7.6M in 2008 to 6.4M in 2009 (a fall of 1.2M).

Contributions by savers into personal pensions fell by over £2BN between 2008 and 2010, from £20.9BN to £18.7BN.

For why?

People are skint, returns are abysmal and the financial services industry in the UK is despised.

The future is bleak indeed!

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