British workers remain uninformed and disengaged with pensions with almost half either not knowing how much they contribute or not contributing to a scheme at all, a survey reveals.
The survey of 5,200 adults by Scottish Widows found almost three-quarters of those working have a private pension but only 55% in defined contribution schemes know what they are contributing. The remaining...
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.
Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.