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...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Merry Christmas from Professional Pensions

Merry Christmas from Professional Pensions

Back on 2 January 2026

Professional Pensions
clock 24 December 2025 • 1 min read
The top news stories of 2025 on Professional Pensions

The top news stories of 2025 on Professional Pensions

PP looks at the biggest pensions news stories over the last 12 months

Professional Pensions
clock 24 December 2025 • 2 min read
News Digest: Call me Scrooge, but it's time to scrap pensioners' Christmas bonus

News Digest: Call me Scrooge, but it's time to scrap pensioners' Christmas bonus

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 24 December 2025 • 1 min read
Trustpilot