Savings at 'risk' because financial literacy 'not where it needs to be'

Experts say industry needs to build engagement with savers so they do not make wrong decisions

Holly Roach
clock • 2 min read
Savings at 'risk' because financial literacy 'not where it needs to be'

Financial literacy is “not where it needs to be” in the UK, meaning savers may make the “wrong decisions” at retirement, Legal & General head of defined contribution (DC) investments Jesal Mistry warns.

Speaking during a panel discussion yesterday (11 March) at the Pensions and Lifetime Savings Association's Investment Conference in Edinburgh, Mistry said when it comes to making decisions on pensi...

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