Keith Churchouse: Why time is running out for the name 'pension'

Auto-enrolment bubble

clock • 3 min read

More than 10 million in the UK are saving into an auto-enrolment pension scheme. Many will believe that they have ‘ticked' the pensions box and their retirement saving is under control. Invariably, this is going to be wrong, warns Keith Churchouse...

Many of you will know that I like to tinker with old cars and vehicles. I am not the best on the spanners, but I have some skill with various parts of a vehicle, particularly bodywork, electrics and for some strange reason, windscreens! Tangibility is the key point for me. You can create something from a piece of metal, or a tin of paint, that people can see and admire. Like some windscreens, it can be difficult on occasion to see through financial advice to see the real tangible advantage, and this has been a criticism and concern for some pension investors for years. It's only when tim...

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

IFAs 'have role to play' in tackling 'blissful ignorance' around pensions

IFAs 'have role to play' in tackling 'blissful ignorance' around pensions

Advisers must ‘open people’s eyes to the reality’

Isabel Baxter
clock 16 June 2025 • 4 min read
We need to work together to tackle pension overconfidence

We need to work together to tackle pension overconfidence

'Clients may assume they're on the right track simply because they're paying into a pension'

Ahmed Bawa
clock 13 June 2025 • 4 min read
Pension freedoms have delivered flexibility in the last decade 'at a cost'

Pension freedoms have delivered flexibility in the last decade 'at a cost'

Consumers value choice but are aware of risk of running out of funds

Jasmine Urquhart
clock 12 June 2025 • 2 min read