Financial education needed to raise public awareness of A-Day

The study reveals 83% of active investors are familiar with the upcoming pension changes, and of these a significant 25% are preparing to change their pension portfolios as a result of the new flexible rules. But in contrast 71% of the general public have not heard of the A-Day changes, and of those that have, only 3% are planning to make changes to their pension portfolios after April next year. In response to these figures the AITC says it is a relevant time to highlight the importance of financial education, and the organisation believes the government needs to set aside sufficient tim...