Most savers did not seek Pension Wise guidance in last four years

Just Group analysis shows only 5% of DC savers had in-person appointments with Pension Wise

Martin Richmond
clock • 2 min read
Most savers did not seek Pension Wise guidance in last four years

The majority (60%) of retirement savers who accessed a defined contribution (DC) pension in the last four years did not seek advice or guidance from Pension Wise, according to figures from the Financial Conduct Authority (FCA).

Analysis of the FCA's 2024 Financial Lives survey by retirement specialist Just Group showed the number of DC savers who did not use the free government-backed service, or were unaware of it, impro...

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

Martin Richmond
Author spotlight

Martin Richmond

Senior Correspondent at Professional Pensions

More on Defined Contribution

Partner Insight: From policy ambition to practical capital - the value of listed infrastructure investment companies

Partner Insight: From policy ambition to practical capital - the value of listed infrastructure investment companies

Minesh Shah, Managing Director, The Renewables Infrastructure Group
clock 19 June 2026 • 5 min read
VfM will be 'core' driver of better member outcomes, TPR says

VfM will be 'core' driver of better member outcomes, TPR says

Regulator says trustees cannot afford to stand still amid push towards consolidation in DC

Martin Richmond
clock 18 June 2026 • 2 min read
PPI launches 2026 DC asset allocation survey

PPI launches 2026 DC asset allocation survey

Survey will inform the institute’s 2026 DC Future Book report

Martin Richmond
clock 15 June 2026 • 2 min read
Trustpilot