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

More on Defined Contribution

Auto-enrolment increases add to soaring SME costs, says Chambers of Commerce

Auto-enrolment increases add to soaring SME costs, says Chambers of Commerce

Policy-driven employment costs make up bulk of increase

Alex Levy
clock 12 August 2026 • 2 min read
Members still struggling with retirement decisions despite a rise in engagement

Members still struggling with retirement decisions despite a rise in engagement

TPT research shows just 11% of members have never reviewed their pension

Martin Richmond
clock 04 August 2026 • 2 min read
SPP: How VfM can evolve to close the consumer gap

SPP: How VfM can evolve to close the consumer gap

Harriet Sayer looks at how the value for money (VfM) framework can become a practical tool for members

Harriet Sayer
clock 04 August 2026 • 3 min read
Trustpilot