Retirement Planning - UK - January 2019
“The considerable increase in pension ownership as a result of auto-enrolment has played a key role in boosting engagement in retirement planning. Nevertheless, there remains a dire need to further raise not only the overall level of engagement but also the quality of it. Few non-retired adults do much about retirement planning outside of checking the value of their pension. While new technologies like the pensions dashboard and automated advice can facilitate the type of engagement necessary for effective retirement planning, widespread adoption is unlikely in the near term.”
– George Zaborowski, Senior Analyst – Financial Services
This report examines the following issues:
- Millennials’ views about retirement indicate rising demand for flexible solutions
- Resistance to new technologies preventing greater engagement in retirement planning
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