Pension holders lack confidence in Jeremy Hunt as chancellor

This is according to a survey conducted by at-retirement specialist My Pension Expert among 2,000 adults across the UK between 25 and 31 July 2023.

The lack of confidence in the chancellor reflected the broader sentiment of uncertainty and dissatisfaction among pension holders, according to the study.

Just 23% said they have confidence that the government will achieve its goal of bringing inflation under 5% by the end of 2023.

The majority (56%) think the government lacks a clear strategy for improving outcomes for UK pension planners.

Policy director Lily Megson said: “This research delivers a damning verdict on the government’s strategy for improving the prospects of UK pension planners.

“Further, it highlights a prevailing sense of scepticism towards the government’s ability to effectively address flaws within the current system.”

Read more: Pension savings make up less than two-fifths of retirement income

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