Trustees fear for members approaching retirement

Fears include scam risks, lack of engagement and lack of understanding of tax implications

Holly Roach
clock • 3 min read
The survey also found 46% of trustees provide or facilitate financial guidance for members at retirement
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The survey also found 46% of trustees provide or facilitate financial guidance for members at retirement

Trustees fear for their members approaching retirement for a number of reasons including scam risks, lack of engagement and a lack of understand around tax implications, according to research by Wealth at Work.

The firm's survey - conducted in association with the Pensions Management Institute - revealed 94% of trustees fear their members approaching retirement will be targeted by scammers, while 89% are concerned...

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