The U.K. experienced a decrease in pension pots last month, with a 30-year-old’s annual pension dropping by £518, a 60-year-old’s annual pension dropping by £358, and a 65-year-old’s annual pension dropping by £259 according to Aon Consulting.
This data is causing debate about the future of the economy, with some experts predicting a double dip recession.
“As some areas of the economy forecast growth and others continue to struggle, making the right investment choices is key for any pension investor, whether individual or institutional,” said Richard Strachan, senior consultant at Aon Consulting. “Employers should ensure their pension schemes—and their default funds, in particular—are invested wisely to maximize the green shoots of recovery.”
