Pension scheme members now have to grapple with a multitude of risks which have become increasingly complex and uncertain. The pension freedoms and shift from defined benefit to defined contribution pensions has transferred more risk to pension scheme members, many of which lack the financial awareness to be able to manage them.

With this in mind, WEALTH at work conducted a survey with the Pensions Management Institute to investigate the concerns Trustees have for their pension scheme members in the run up to retirement and what support provisions they have in place.

The survey received 64 responses from a range of Trustees that were completed online from January to April 2022. Figures have been rounded to the nearest whole number or to 1 decimal place where necessary.

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