Pensions jargon? Ils ne savent pas

Published on 09/08/2012 00:37

MILLIONS of British 20 to 29- year-olds are more likely to understand a foreign language than pensions jargon, a study suggests.

Nearly one in four (23 per cent) understood the exact meaning of simple French, German and Spanish phrases.

But around one in ten knew the precise meaning of basic pensions terminology such as final-salary scheme and auto-enrolment, an ICM poll found. Michael Taggart, director of financial services firm MRM who commissioned the poll, said: “You might say pensions are like a foreign language to many young Britons.”