This white paper explores how the public's understanding of risk may help explain why there are such low levels of engagement with defined contribution (DC) pensions and planning for later life, and considers the implications for the new pension freedoms which began in April 2015. Will the increase in control savers can have over their pensions, reduce the perception of risk and hence increase the level of engagement?
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This article first appeared in Financial World
, the journal for The London Institute of Banking & Finance.