Research suggesting nearly six in ten people admit to never reviewing their pension plans has been cited by the ABI as a reason for upgrading its online pensions calculator.
The Association of British Insurers says as many as 72% of people questioned feel that their personal finances are "out of shape" or "in need of firming up". The research has been compiled and published in conjunction with the launch of the ABI’s upgraded online pension calculator: launched on 1 January its aim is to help people work out how much retirement income they might receive from their savings. The survey reveals that having access to an online calculator rates as highly as "talking to an IFA", as most likely to cause people to review their pension plans more frequently. Addi...
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