Adrian Boulding: A little (financial) knowledge is a dangerous thing

'Increasing engagement will only favour those prepared to put in the effort'

clock • 6 min read

Is ever-increasing engagement with pension savings always the right thing? Here Adrian Boulding argues a little knowledge can be a dangerous thing for people not prepared to put the effort into getting to grips with their finances...

I am worried by the relentless clamour from politicians and industry commentators for greater consumer engagement with savings. They presume that engagement is always a good thing. In this article, I argue that there is a hockey stick-shaped curve defining the relationship between greater engagement and improved outcomes. I believe increasing engagement will only favour those prepared to put in the effort to get themselves round the dip of that hockey stick's blade and up onto its handle where engagement starts to deliver much more certain and positive financial outcomes. During la...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Advisers warn market volatility will threaten retirement plans

Advisers warn market volatility will threaten retirement plans

More than half expect clients to postpone or change plans

Isabel Baxter
clock 26 March 2024 • 2 min read
Perfect timing: How to advise clients on the right time to retire

Perfect timing: How to advise clients on the right time to retire

Striking a balance between health, wealth and personality

Richard Hulbert
clock 05 February 2024 • 4 min read
Baillie Gifford: Enjoying later life without an income from work

Baillie Gifford: Enjoying later life without an income from work

The latest from PA’ Digital Working Lunch webinar series

Professional Adviser
clock 12 December 2023 • 2 min read