How the pensions sector can support consumers to make the most of their savings

FCA’s Sarah Pritchard says savers need more support in making decisions

clock • 4 min read
FCA executive director of markets Sarah Pritchard
Image:

FCA executive director of markets Sarah Pritchard

For most people, their pension is the biggest pot of savings they’ll build. But despite this, pensions are not well understood.

Consumers do not have access to the support they need. Only 45% of people aged 18 to 64 say they know enough about pensions to make decisions for their retirement. 53% of all contract-based pots ac...

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

Buzz: Are you concerned about the increasing threat of AI on pension fraud?

Buzz: Are you concerned about the increasing threat of AI on pension fraud?

Generative AI, Pensions UK report and TCFD reporting requirements

Professional Pensions
clock 18 May 2026 • 1 min read
DWP publishes report on gender pensions gap

DWP publishes report on gender pensions gap

Comes ahead of interim Pensions Commission report which is due to be published this week

Holly Roach
clock 18 May 2026 • 4 min read
Smart Pension launches guided retirement support service

Smart Pension launches guided retirement support service

Service will offer guidance to savers aged 45 and over to make ‘informed’ retirement decisions

Martin Richmond
clock 18 May 2026 • 2 min read
Trustpilot