Pension Awareness Week: Helping clients stop financial 'self-harm'

‘The vast majority of people self-serve, or don't seek advice’

Ayesha Venkataraman
clock • 3 min read

Access to financial advice is very important as advisers provide peace of mind, a better outcome than consumers can obtain themselves while also stopping them from “financially self-harming”, according to My Pension Expert.

In light of Pension Awareness Week - ending today (4 November) - chief executive (CEO) Andrew Megson discussed the importance of engaging with one's pension which he described as the "second most important financial decision you make in your life after buying a house". "As the move from defined benefit (DB) to defined contribution (DC)/personal pension has accelerated over the last few years, the onus is on the individual to provide for themselves for the balance of their life, which frankly is 30 to 40 years," he said, highlighting complexity and myriad choices now in the market and aft...

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