Retirement Savers Lack Understanding, Pensions Fund Says

By Lucia Osborne-Crowley (January 6, 2022, 4:33 PM GMT) -- Only one in two pension savers in Britain are concerned about knowing how much their retirement pot is worth, and almost half have never discussed it with a financial adviser, a new study has shown.

The Pension Protection Fund, the U.K.'s savings lifeboat fund, said that a new survey it has conducted shows that defined benefit pension holders lack understanding of their retirement savings — or interest in them.

Some 75% of savers do not know that their pensions are protected by the fund, according to the data published on Tuesday. That misconception led 60% of people to consider moving away from their...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!