A new survey has found that three million workers, equal to 27% of those who could be automatically enrolled to pensions over the next few years, will opt out.
The survey conducted by the National Association of Pension Funds (NAPF) has found that huge numbers of people could opt after being automatically enrolled into new work place pensions.
Lack of trust
The main reasons respondents gave for their intention to opt out were affordability and lack of trust in both the government and the pensions industry as a whole.
A similar survey in 2007, before the economic downturn, found that one in four workers ...