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New study finds concerning knowledge gap on UK pensions
A new report has uncovered widespread confusion when it comes to basic information about pension planning. While over half (53%) of Brits claim to be knowledgeable about pensions, the study found that only a third know what a Defined Benefit (DB) or Defined Contribution (DC) scheme is, and 20% don’t know what type of pension they have. The Aviva survey of 2,000 UK adults highlights the need for better financial literacy and support. Doug Brown, …
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