Millions of workers suffer from 'pensions inertia'

Its research also found almost 30% of scheme members have never reviewed how their chosen pension fund is performing. Nearly half of the 1,300 adults aged over 25 surveyed in July have their money invested in the "default" fund of their company pension scheme, according to the online study. Furthermore, pension savers are failing to take an active role in managing their assets to produce the best retirement income. Around 30% admit they have never reviewed the progress of their selected pension funds. Prudential warns workers who do not regularly review their pension fund's develo...