Less than one in five people feel adequately informed about the relationship between inflation and their pension, according to a survey published yesterday by Aon Hewitt.
The research found that only 16% of people understand the impact inflation may have on their retirement savings.
This news comes two years after the Chancellor of the Exchequer announced the switch from RPI to CPI as the inflation measure for public sector pensions. The public still remain in the dark over what this change means, the difference between the two and whether their pension is impacted.
Find out more about the survey results on The Actuary.