A recent survey by Standard Life has revealed that a significant portion, 65%, of a typical pension pot's value at retirement is generated by a factor other than individual contributions. The survey indicates that the most common belief among individuals is that their own contributions are the primary driver of a pension's value over a working life.
Survey finds common belief about pension pot value is mistaken
UKPulse Money DeskA Standard Life survey indicates that the most common belief regarding what contributes most to a pension pot's value at retirement is incorrect.
- A Standard Life survey found that 65% of a typical pension pot's value at retirement is created by a specific factor.
- The most common belief is that individual contributions add the most value to a pension over a working life.