More time spent reviewing bills than pensions

The results from Watson Wyatt’s Pension Research Forum, made up of a group of employers and pension providers, revealed 47% of members of both Defined Contribution (DC) and Defined Benefit (DB) schemes spent less than 10 minutes reviewing their statements, while just 14% of DB members and 16% of DC members spent longer than 30 minutes looking at their statements. Figures from the survey, also reveal 84% of DC plan members and 72% of DB plan members believe more could be done to improve the usefulness of their benefit statements. Of the DC members who spent less than 10 minutes reviewing...