The majority of UK adults are uncertain about the future of the state pension, a survey has found.
Research by Nucleus found 71 per cent of people believe the state pension will not exist or will be less generous when they retire.
Of the more than 2,000 people surveyed, a quarter thought the state pension would not exist in its current form, while another quarter believed it would be much less generous by the time they reach state pension age.
There was also 8 per cent who believe the state pension will not exist at all.
Those aged between 35 and 54 were most sceptical the state pension will exist as it does now.
Andrew Tully, technical services director at Nucleus, said: "State pensions are the bedrock of people’s retirement income, but they are complex and the position is constantly changing.
"Over the past 10 years we have seen the introduction of the new state pension, increases to state pension age with more to come soon, and a constant debate around the future of the triple lock.
"It’s therefore no surprise that many have little confidence the state pension will be around in its current format, or exist at all, by the time they reach state pension age. Being unable to rely on the state pension makes planning even more vital."
Overall, women were more doubtful about whether the state pension will exist in years to come - 26 per cent thought it would not exist in its current form, while 9 per cent believed it will be a thing of the past entirely.
This compares with 21 per cent and 7 per cent respectively for men.
For those reaching the state pension age now, it will be age 66 for both men and women, wheres for those born after April 5 1960, there will be a phased increase to age 67 and eventually 68.
tara.o'connor@ft.com
What's your view?
Have your say in the comments section below or email us: ftadviser.newsdesk@ft.com.
