Financial education could help to avert pensions crisis

June 2006
People Management;6/1/2006, Vol. 12 Issue 11, p15
The article deals with an argument presented by Jonathan Watts-Lay, director of JPMorgan Invest, stressing that employees be given financial education to help them make choices about pensions and bridge the savings gap. Watts-Lay states that there was a poor savings culture in Great Britain, where pensions were widely seen as irrelevant. Survey results indicate that less than a fifth of pension scheme members knew that a fund of £250,000 would buy an annuity of only £15,000 a year.


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