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The Independent UK
The Independent UK
Business
Vicky Shaw

Many over-50s ‘have little or no knowledge of their pension options’

Scottish Widows Alamy
Research found nearly a fifth plan to seek advice only in the year they retire (Alamy/PA) -

Around one in three (34%) workers aged over 50 has not yet decided how they will access their pension savings, research indicates.

Nearly half (46%) of women over 50 who have not yet retired who were surveyed for Scottish Widows said they have little or no knowledge of their retirement options, compared with just over a third (35%) of men.

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