As many people find the whole subject of pensions dull, it is therefore vital for those in the industry to use clear language when dealing with the subject and talk to people in ways that will grab their interest
It is a well-known fact that pensions are dull ' that is one reason people are not interested in them. Another well-known fact is that people in the UK need to save more for their retirement. And here we have the problem in a nutshell. If we really want to start to bridge that savings gap we need to get people interested in pensions. At a recent pension conference that I attended, three remarks stood out for me: • People do not understand the need to save. • People don't have a clue how much a pension costs. • Employees do not feel better off by being members of an employers pe...
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