Trustees fear scheme members are ill-prepared for risks of accessing pension

Holly Roach
clock • 2 min read

Trustees fear their members are not equipped to deal with the risks they face when accessing their pension and worry those nearing retirement will face predatory attention from scammers, research by Wealth at Work reveals.

The financial education and guidance provider's research - conducted with the Pensions Management Institute (PMI) - revealed 81% of the trustees surveyed believed members are not properly equipped ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

FTSE350 pension surpluses rise by £17bn in January

FTSE350 pension surpluses rise by £17bn in January

Mercer analysis finds increase in bond yields saw aggregate funding levels reach 111%

Jasmine Urquhart
clock 16 February 2024 • 2 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 15 February 2024 • 1 min read
DB transfers increased at end of last year

DB transfers increased at end of last year

Barnett Waddingham finds CETVs rose 15% in Q4 2023 compared to previous quarter

Jasmine Urquhart
clock 14 February 2024 • 1 min read
Trustpilot