Pension engagement only way to cut 'retirement anxiety'

Verona Kenny says industry has ‘moral duty’ to push engagement

Jenna Brown
clock • 3 min read

The financial services industry has a moral obligation to help relieve high levels of retirement anxiety among the population, delegates heard.

Speaking at the Personal Investment Management & Financial Advice Association (PIMFA) Women's Symposium 2025 yesterday (22 April), Aberdeen Adviser chief distribution officer Verona Kenny said advisers and the wider wealth planning arena could and should help address the pensions engagement problem. She said Aberdeen Adviser research had revealed 41% of people have "done nothing" to prepare for retirement. "What is stopping us? Why are we not planning for something that is so important?" she asked delegates. Kenny highlighted the introduction of Australian superannuation in the 198...

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

Sipps: How clients can avoid common retirement planning mistakes

Sipps: How clients can avoid common retirement planning mistakes

'Retirement planning stands as a cornerstone of long-term financial well-being'

James Floyd
clock 28 April 2025 • 4 min read
Origo completes pensions dashboard connection

Origo completes pensions dashboard connection

Completed connection ahead of this week’s first deadline

Holly Roach
clock 28 April 2025 • 2 min read
HMRC repays £44m in overpaid pensions tax during Q1 2025

HMRC repays £44m in overpaid pensions tax during Q1 2025

More than £1.4bn in overpaid pensions tax recouped since 2015

Martin Richmond
clock 28 April 2025 • 3 min read