I think the fact pensions are provided by big, well known institutions helps. Investing feels much more wild west.
Replies
Maybe, but would suggest that a bigger driver is simply people not really knowing who their provider is and what their money is doing.
jul 17, 2025, 1:31 pm • 0 0 • view
plus auto-enrollment.
jul 17, 2025, 1:49 pm • 0 0 • view
Which drives people not knowing who and how
jul 17, 2025, 3:18 pm • 0 0 • view
But there are obvs private pensions as well, re: which people can have a choice of provider. I have a private pension as I'm self-employed but, on reflection, I wonder what the scale of uptake is amongst the population.
jul 17, 2025, 3:21 pm • 0 0 • view
Of SIPPs? 5m people in the UK have one although would suggest that the number of people actively contributing to them is around half that?
jul 17, 2025, 3:38 pm • 1 0 • view
🙏
jul 17, 2025, 3:40 pm • 0 0 • view
I do think having a pension in an uninformed way is likely better than not having a pension in an uninformed way!
jul 17, 2025, 3:22 pm • 3 0 • view
So I disagree with you here - especially for eg 22-45 year olds. Engagement increases the risk of people doing dumb shit. Inertia works up to a point when it fundamentally doesn’t.
jul 17, 2025, 3:29 pm • 0 0 • view