Compulsory pensions? Yes, er no, but then again

clock

British apathy and lack of knowledge regarding pension issues are again highlighted as major factors contributing to the current pensions crisis, according to new research.

A survey conducted by execution-only broker TD Waterhouse, questioning 1,600 individuals, finds as many as two in ten brits are undecided on whether to make pension contributions compulsory or not. The execution-only broker finds a third of respondents are opposed to the idea of compulsory contributions to company pension schemes, with figure dropping to 27% for those people aged between 18-29. The research comes in the wake of a report by the Department for Work and Pensions (DWP) earlier in the month, pointing to concern over the lack of pensions understanding by UK individuals, along...

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 Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read