Why bother?

Why should trustees bother to help pension scheme members with their choices, beyond any legal requirements?

Well, there are a few points worth considering:

• Most people find the subject of pensions, especially defined benefits (DB), difficult to understand.
• The average reading age in UK is 12.
• 49% of the UK population have the numeracy skills of an 11 year old.
• For some members, their pension can represent a big chunk of their personal wealth.
• Financial advice is increasingly unaffordable for the average scheme member.
• The average DB transfer value is now larger than the average UK house price.

Download the manual below.

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