Just a fifth of women in the UK are aware that their pension savings are invested in the stock market, a new survey has revealed.  

While a higher proportion of men surveyed understood their pension was in the stock market, that still leaves a staggering 69 per cent of the country's workers ignorant as to how their workplace scheme works. 

Those who thought it wasn't invested were asked what they thought happened to their cash.

The most common answer was that they had 'no idea' - followed by a belief that it 'may be invested' after all.

Do you know where your qualified retirement plan savings are?

Just 22 per cent of women understand their workplace or personal pension is invested in the stock market

The next most common answers were that the money went into a savings account, was set aside some unspecified 'safe' place and that it grew in an 'unspecified way'. 

Many believed the government is involved in managing their money.

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But perhaps most worryingly, there were a significant number who answered that they believed their pension savings to be invested in 'something nefarious'. 

This included being 'ripped off' and 'people gambling with the cash'. Many also thought that their employer 'used the cash'.

Published by Kopertis Wilayah X

Jalan Khatib Sulaiman Padang
Sumatera Barat
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