UK - Current debates on the future of pensions have failed to grasp the need for employer and employee education, Invesco Pensions claims.
Invesco believes the real nature of the pensions debate should not see pensions in isolation, but as part of a bigger picture.
It believes pensions should be seen as only one of many products competing for attention within the wider savings and investment industry.
The firm also adds that to ensure people bridge the savings gap and enjoy security in old age, they need to receive more education and regain confidence in the industry.
Invesco Pensions chief executive David Butcher said: “Education is the starting point if we are to rebuild consumer confidence in long-term savings.
“Invesco is already testing such schemes in the US and we look forward to opening a dialogue with government on how best to deliver consumer education and information in the UK.”
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
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