25% of workers without pension

One in four workers are not paying money into pension schemes, not because they can’t afford it, but because they are afraid that they will lose their investment.

A RedC survey of over a thousand adults has found that 25% of respondents were unwilling to invest in a long-term pension plan because they felt they could lose their money. The survey also revealed that almost 20% of respondents felt that pensions were too complicated to understand.

A combination of fear of loss, complexity and trust combined to dissuade 57% of people from investing in savings for their retirement.