It is now over six years since the introduction of Freedom and Choice which transformed the pension landscape, opening up new and sometimes bewildering options for retirees. Pension scheme members now have to grapple with a multitude of risks which have become increasingly complex and uncertain due to the pandemic: ﬁnancial education, guidance and regulated ﬁnancial advice is needed more than ever before.
With this in mind, WEALTH at work conducted a survey with PMI to investigate the concerns Trustees have for their pension scheme members in the run up to their retirement and what support provisions they have in place.
The survey received 63 respondents from a range of Trustees which were completed online from June 2020 to April 2021. Figures have been rounded to the nearest whole number.
Last update: 24 June 2021