Pensions engagement is still lacking among people in the run-up to retirement, and therefore the industry must collaborate better to help people make the right decisions, Andy Kirby has said.
Mr Kirby, managing director of newly launched The Pensions Portal, said he was “on a mission to solve the issues the industry and people face in the run-up to retirement”.
These issues include a lack of information, poor engagement, lack of proper signposting to “really good information” and far too much jargon in the wake-up packs currently being given to people, Mr Kirby said.
He said: “Approximately 4,000 defined contribution pensions mature each year and there is not enough effort made to properly engage these people well ahead of their retirement.”
