Andrew Megson: Why aren't people engaging with their pensions?

Out of sight, out of mind?

clock • 4 min read

Andrew Megson explores why people are seemingly unengaged with their pension pots and asks what advisers and the wider financial sphere can do to help...

The financial consequences of the Covid-19 pandemic have arguably been just as widely reported as they have widespread. Throughout the crisis, news outlets and financial commentators have covered these economic repercussions at length, and for good reason. Indeed, many have faced furlough and even redundancy, with the UK's unemployment rate sitting at a staggering 5.1% in the final three months of 2020 - an increase of 1.3% on 2019. Consequently, many individuals have seen their income drastically reduced. One would expect that, given the circumstances, more Britons would be thinki...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Rachel Vahey: Pension savers need stability, not another panic-fuelled tax raid

Rachel Vahey: Pension savers need stability, not another panic-fuelled tax raid

'Real-world consequences of allowing pension tax speculation to run unchecked'

Rachel Vahey
clock 05 October 2026 • 3 min read
Triple lock played 'important role' but it would 'always need to end'

Triple lock played 'important role' but it would 'always need to end'

Pensions industry reacts to triple lock change

Holly Roach
clock 30 September 2026 • 4 min read
Triple lock changes welcome but 'cannot solve' national care problem

Triple lock changes welcome but 'cannot solve' national care problem

‘The sooner the government comes clean on these plans the better’

Sophia Panayi
clock 30 September 2026 • 6 min read