Pensions  

Pensions inertia must be tackled

Pensions will not be left behind. I am betting that customers will demand more from their pension providers or simply switch to a better proposition.

One that, as a minimum, makes it easy to check your account balance, see what you are paying, and where your money is invested, all from your smartphone, and preferably one that lets you see how pension savings made today can increase your income in retirement.

Ideally, one that also helps customers manage their pension alongside their other savings and investments. 

For auto-enrolment to be a true success in the years ahead, we need to help people engage with their pensions and, in doing so, enable them to fulfil their financial potential. The time for change is here.

Ben Stanway is co-founder of Moneybox