Brits fail to review pension plans

Barings’ research found that of the 52% of people who have reviewed their pension plans, 41% could not remember if they had chosen the default investment option for their pension scheme. While 54% of people were clear on the asset allocation of the default option, 33% were not clear and another 13% could not remember the detail of where their pension funds were being invested. The research found that 49% of people who have revised their pension plans have not been advised on the appropriate asset allocation for their age and life stage and 39% of people do not know if they have the appro...