80% of employees bewildered by pensions

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UK - More than eight in ten employees or 80% of those with workplace pension schemes do not even know the level of funding required to support them in retirement, a JPMorgan Asset Management (JPMAM) report has found.

The survey of around 800 respondents identified a high level of pensions ignorance, with almost a quarter (24%) reporting they did not know whether they held a defined benefit or defined contributi...

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