All employers are required to provide a workplace pension scheme, automatically enrol employees in a pension scheme, and contribute to their pension if they are classified as a ‘worker,’ are between the ages of 22 and State Pension age, earn at least £10,000 per year, and usually (‘ordinarily’) work in the UK.

Significant gaps in pension awareness and engagement remain, with female and lower-income workers being disproportionately less likely to review their pension. According to the findings, nearly one in every five UK workers has never reviewed their pension. Please contact us for more information on how we can help protect your future financial well-being and the options available to you.

Source data: [1] Research conducted for Standard Life by Opinium, among 2,000 UK adults between
2–6 September 2022. All results are weighted to nationally representative criteria.

A PENSION IS A LONG-TERM INVESTMENT NOT NORMALLY ACCESSIBLE UNTIL AGE 55 (57 FROM APRIL 2028 UNLESS PLAN HAS A PROTECTED PENSION AGE). THE VALUE OF YOUR INVESTMENTS (AND ANY INCOME FROM THEM) CAN GO DOWN AS WELL AS UP WHICH WOULD HAVE AN IMPACT ON THE
LEVEL OF PENSION BENEFITS AVAILABLE. YOUR PENSION INCOME COULD ALSO BE AFFECTED BY THE INTEREST RATES AT THE TIME YOU TAKE YOUR BENEFITS.