Workers sticking with new pensions

See on Scoop.itfutureproofmoney

Fewer than one in 10 workers have opted out of being automatically signed up to saving for a pension, government figures show.

Pádraig Floyd‘s insight:

Early days, mind…

See on

1 thought on “Workers sticking with new pensions

  1. There are two issues to be worried about here… 1. Unless Government goes through with big (costly) changes to state pensions rules, many of these folks will have totally wasted their money by just eroding the means-tested benefits they would have got. 2. The default investment settings on NEST are just wrong for younger folks; very low risk when they should be more adventurous/bigger potential return.

    The reported level of take up suggests neither of these issues is being taken into consideration…

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