Jargon puts 14 million people off pensions

The parent company of Norwich Union says research by the new ‘six-steps’ website launched last month, reveals 32%, or 14 million workers, delay their retirement plans because they don’t understand the jargon. In addition, the survey of 2,679 adults by YouGov, shows 20% think retirement is too far off to worry about now, while 14% haven't thought about their future at all yet, and 65% do not feel financially prepared for retirement. Meanwhile Aviva says 24% have admitted to not understanding financial terms such as National Pension Savings Scheme (Npss) or annuity, a further 17% admit the...