Pension Attention campaign is pushing people to swap out one of their regular chores jobs for a pension-related task for just one week to guarantee that their long-term finances are not neglected.
Every year, people spend only about 30 minutes checking on their pensions. Additionally, according to the statistics, 48 per cent of adults did not review their retirement funds at all in the previous year.
Comparatively, people dedicate at least 30 minutes per week to performing home tasks like washing the laundry, cleaning the bathroom, and setting out the trash.
Pension Attention is encouraging individuals to pay attention to their pension by teaming up with Bafta-winning TV chef and grime musician Big Zuu. He’s created a brand-new song and corresponding music video which has received 3.2k views since its launch.
Pension Attention campaign manager Sarah Cordey says: “We’re all busy looking after the regular household chores, but it’s important that paying attention to your pension isn’t always the last thing on your to-do list. We’re suggesting everyone skips a job this week and uses the time for some pension admin instead, or perhaps persuades another member of the household to step in!
“The funds people build up in their workplace pensions are money they will depend on for several decades after they stop working, so there aren’t many more important tasks. This isn’t about saving more money – we just want people to spend a little time making sure they know where their pensions are and how to keep an eye on them.”
Big Zuu says: “We need to stop thinking that people can only have a pension if they earn a lot or come from a wealthy background. As long as you have a bit of money to put aside, you can have a pension. The more I’ve looked into pensions recently, it’s made me realise they’re such an important tool for everyone.
“Some parts of it may seem complicated at first, but if you get the right information and take the right steps, it’s really simple. The more you think of it as a way to secure your future, it can only lead to good things.”
