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

SPP urges Pensions Commission to define adequacy and understand barriers

SPP urges Pensions Commission to define adequacy and understand barriers

SPP calls on commission to set out long-term plan to increase AE contribution rates

Martin Richmond
clock 21 August 2025 • 3 min read
LifeSight announces £450m investment in Schroders Greencoat Renewables+ LTAF

LifeSight announces £450m investment in Schroders Greencoat Renewables+ LTAF

Strategy will feature in the WTW master trust’s core default funds

Jonathan Stapleton
clock 14 August 2025 • 2 min read
DC retirement outcomes show improvements amid market volatility

DC retirement outcomes show improvements amid market volatility

Hymans research finds growth phase members have experienced ‘positive’ levels of investment performance

Martin Richmond
clock 13 August 2025 • 5 min read
Trustpilot