DWP finds savers 'lack knowledge and motivation' to save into workplace schemes

Government commissioned a survey looking at low earners and workplace pension saving

Holly Roach
clock • 3 min read
DWP finds savers 'lack knowledge and motivation' to save into workplace schemes

Savers typically have a “lack of knowledge” about their workplace pension, and a “lack of motivation” to save into one, the Department for Work and Pensions (DWP) has found.

The DWP has published the findings of a survey it commissioned on low earners and workplace pension saving - revealing participants typically described a lack of knowledge about their pension, poor...

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 Industry

Webinar: The future of LGPS investment

Webinar: The future of LGPS investment

Iain Campbell and Squire Patton Boggs partner Chris Harper take a look at the key issues

Professional Pensions
clock 21 February 2024 • 1 min read
Isio unveils 2023 results and posts revenue growth of 33%

Isio unveils 2023 results and posts revenue growth of 33%

Consultant more than doubles revenue, profit and headcount in 3.5 years since its launch

Jonathan Stapleton
clock 21 February 2024 • 4 min read
The UK's biggest pension consulting firms by revenue

The UK's biggest pension consulting firms by revenue

PP has analysed the accounts of the biggest pension consulting firms

Jonathan Stapleton
clock 21 February 2024 • 1 min read
Trustpilot