One in five do not access pension information - ABI

Pensions 'blind spot'

Sophie King
clock • 2 min read

Almost one in five (19%) people do not access information about their pensions, research by the Association of British Insurers (ABI) and research consultancy Populus has found.

The industry body warned of a "pensions blindspot" which could leave people not getting the retirement they hoped for in later life. It also warned without improved access to pension information millions of pounds saved through auto-enrollment could end up dormant as people lose track of multiple pots over decades of work. The survey of 2,008 consumers found when people do access their pension information the methods varied according to age bracket. In the 18-34 age bracket, half (54%) preferred using a mobile phone banking app, 41% of 35-54-year olds preferred online banking and 5...

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

FOS upholds complaint against Options Pensions over SIPP due diligence failure

FOS upholds complaint against Options Pensions over SIPP due diligence failure

Investment in unregulated Spanish business

Isabel Baxter
clock 04 February 2025 • 2 min read
FOS favours Pathlines Pensions SIPP clients in first post-rebrand cases

FOS favours Pathlines Pensions SIPP clients in first post-rebrand cases

SIPP operator failed to carry out due diligence, FOS finds

Jen Frost
clock 17 January 2025 • 2 min read
SIPP saga continues - FOS upholds four more complaints against Options Pensions

SIPP saga continues - FOS upholds four more complaints against Options Pensions

Complaints continue at what was formerly Carey Pensions

Isabel Baxter
clock 23 December 2024 • 4 min read