One in five people ‘not bothering’ with their pensions, survey shows
Results from a survey of more than 2,000 people in the UK, carried out by Expert Pension Claims – a company that deals with mis-sold pension and investment complaints – paint a worrying picture of people’s understanding when it comes to retirement savings.
Of those surveyed, 37 per cent said they do not know how to access their pension pot.
Many savers are members of more than one pension scheme, and this is something the pension dashboard initiative may help with.
But the majority of the survey’s findings point towards a need for improved awareness across the UK about how pensions work and the importance of saving for retirement.
Darren Laverty, Partner at Secondsight and Financial Wellbeing Strategist shares his thoughts on why he thinks “These are shocking and worrying statistics.”
Read the full article from Pensions Expert and all of Darren’s comments here.