Millions of British adults have no idea which investor is looking after their pension, or how that money is being invested, new research has shown.
The research, carried out by Lincoln Financial Group, a major UK financial services provider, suggests two million UK adults remain in the dark about who is watching their pensions. It also reveals nearly half (48%) of UK pension holders say they hardly ever go back and review their pension options after their initial investment. Only 29% of people asked were currently working and saving in to a pension. Of those 16% were not sure where or who their pension is invested with. Simon O'Connor, head of products and marketing at Lincoln Financial Group, says: "With people not taking the...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
