Almost half (42%) of respondents have never made a change to their defined contribution (DC) pension investments, according to research by Alliance-Bernstein.
In their defined contribution survey, which questioned 500 employees who save into a DC pension, found that 22% believe changes to pension investments are not their responsibility.
The research also found:
55% of respondents either do not open or only skim read the letters and emails circulated by their pension provider.
41% of respondents believe it is sufficient for their DC pension investments to be monitored for adjustments at least once every six months.
73% of respondents either have no idea or just a vague idea of the date they will retire.
53% of respondents aged over 55 are unsure of their retirement date.
Source: Alliance Bernstein
Credencis say: All pension savers need to review their strategy every year to ensure the fund continues to perform to their expectations and meets their risk profile.
For more information on our portfolio management service contact Credencis.
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