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Do youth preferences deserve a seat at the table or better yet, on the portfolio?
Across the UK, younger pension holders are calling for something different.
According to Legal & General Investment Management (2023), 89% of Gen Z savers said they would have wanted a say in how their pension was invested if they’d understood its long-term impact. And 83% said they’d accept higher fees to ensure their investments aligned with net-zero targets.
The revived Pensions Commission is good, sensible long-term policy work. So very welcome. But something buried in today's press release sounded off... "While the introduction of Automatic Enrolment increased the numbers saving, saving levels have often remained low. Around 1-in-2 workers in the private sector only save around the minimum contribution level (8% or less of earnings)."
Thank you Lori C. writing in The Independent for highlighting the need for Cameron - the sustainable pensions engine.