A third of savers are clued up about pensions but the rest are in the dark, new research reveals.
The vast majority are unaware that pensions are invested in the stock market, and are ‘confused and baffled’ about one of their biggest financial assets.
Women, the self-employed, single people and lower earners are most likely to admit a lack of knowledge about pensions, including how much they have saved to date, according to the survey by Hargreaves Lansdown. Knowledge gap: One in three believe they understand pensions, and their options and likely income in retirement Three quarters of those polled had […]
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