Three in four of pre-retirees clueless about pension pot performance

Over three-quarters have no idea what their pension fund is investing in, according to a survey by Axa Life, the Daily Mail reports. Millions of people in their 50s and 60s appear to be burying their heads in the sand: 43 per cent believe they will spend most of their income on holidays and leisure activities after they reach 75. Only one in ten think care costs will make up the greatest proportion of their spending in the golden years. By comparison, as many as 30 per cent of people who are retired already report that they do not have enough money to do the things they enjoy. A...