Research says 1 in 3 "understand" pension schemes

Only one-third of the working population in the UK fully grasp the meaning of pension schemes offered through the workplace, according to HR group Black Mountain. Only 37% said they completely understand the pension schemes offered by their employer, according to Black Mountain's findings, and almost one in five say they had a "distinct lack of understanding" or "no understanding" at all of the schemes. Black Mountain believes lack of communication between employer, pension provider and the employee - especially as employees are often faced with complex information packs - mig...