Forty-two per cent of Brits believe the Government is responsible for providing them with a retirement income, and 45 per cent of women agree it is up to politicians, according to a survey by Home & Capital Advisers.

The retirement planning survey found that 37 per cent believe this responsibility falls to individuals, three per cent to the European Union (EU), and two per cent to the family. However, while the majority is keen for the Government to take on their retirement, 57 per cent of respondents would not trust any of the main political parties when it comes to pensions.

"Politicians should note that much of the electorate still has a deeply ingrained view that the Government has an obligation to provide for people in retirement," said Nigel Hare-Scott, managing director of Home & Capital Advisers. "This view is particularly prevalent among younger age groups who are at a time in their lives when they should be starting to plan for retirement - in their twenties, thirties and forties. But they don't rely on politicians generally to deliver - there is certainly no ringing endorsement of any party, rather a resounding vote of no confidence."

The younger age groups were recorded as expecting more of the Government, and 45 per cent aged between 21 and 50 believing they should rely on them for their income. Those in their 50s said the individual should take on more responsibility, at 45 per cent, compared to the Government at 36 per cent. People in their late 60s and 70s are prepared to take even more responsibility, with 57 per cent placing it on the individual, and 22 per cent on the Government.

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