Only 28% of Gen X have ‘accurate value’ of pensions savings
Money Marketing reports “Just 28 per cent of those aged 45 to 54 can put an accurate value on their workplace pension savings, research has revealed.
Commissioned by pensions advice specialist Portafina, the data shows gaps in knowledge this age cohort has about their existing and legacy workplace pension schemes. It finds only 21 per cent of Generation X, as this age group is often called, are aware of any benefits or guarantees which might be bundled with their existing workplace pension scheme.
The survey also finds 39 per cent know where to access details of their workplace scheme and 38 per cent can lay their hands on any up-to-date paperwork.” Read More