Whilst there has been much more talk about pensions in the last 2 years, this research shows that there is still a fundamental lack of knowledge and understanding about some of the basics of pensions.

Despite the efforts of employers and pension providers, there clearly needs to be more guidance to pension members about the fundamentals of pensions and their continued importance in providing financial security in retirement.

Financial education is the answer and more organisations should be looking at specialists who can help them truly engage their people with this valuable benefit.