According to an online survey by Baring Asset Management, millions of people are not reviewing their pension schemes regularly, with some people not knowing where their money is invested.
It would appear that many of the younger people, opt for the default fund, which provides a lower rate of return, as they are unwilling to think about their retirement.
Our view
By not taking a proactive approach to your pensions, many people will face a shortfall of income when they reach retirement age.
Contact us for advice or learn about our yearly Silver and Gold review services.