'In the dark' | UK workers don't know how much is in their pension pot

Two in five (43%) UK workers don’t know how much they are contributing to their workplace pension, a report reveals.

The latest findings from Scottish Widows’ Retirement Report illustrate the scale of the problem in the UK a decade on from the introduction of Pension Freedoms in 2015, with many disengaged from their workplace pension and feeling unequipped to manage their retirement savings in general.

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The research shows that, whilst 43% do not know how much they are contributing to their workplace pension, an even higher number (54%) don’t know how much their employer contributes.

More than a third of workers (36%) also admit they don’t feel confident in their ability to manage their retirement savings.