THE vast majority of financial advisers have no faith in the longevity of the current state pension system, according to research published today.

Just eight of the 200 experts surveyed believe that the pension rules will be the same 30 years from now, while the rest have accepted that the goalposts — mainly the minimum age to start receiving payments — will move further back.

But reality has caught up with expectations as the wheels of change are already in motion, says National Pensioners Convention (NPC) national officer Neil Duncan-Jordan.