Delegates at the Pensions and Lifetime Savings Association annual conference have taken a cynical view of a UK government pension consultation, with the majority believing that it is a ruse to swell the Treasury’s coffers.

Some 95% of attendees voted that the main objective of the government's 'Strengthening the Incentive to Save' consultation was to increase tax revenue, during a break-out session at the conference. Only 5% believed that it was a genuine move to explore how to help people save more for their retirement.