Allow pension access through cash machines, says Friends


Around a third of consumers want to be able to contribute to their pensions via automatic teller machines (ATMs), Friends Life has said.

Consumers said they would use a facility to deposit cash and cheques or transfer funds electronically into their pensions via a hole-in-the-wall, according to Friends Life's Pensions: The Solutions report. Friends Life also said there was demand for the ability to manage a pension pot through the red button on their TV remote controls. Almost half of the 1,000 respondents to the survey said they would use a smartphone app showing savers real-time information on their pension balance. Martin Palmer, head of corporate pension marketing at Friends Life, said: "The growing appetite for...

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