Skip to content

Customer Relationship Centre:0800 092 1990

Monday to Friday 8.30am - 6.30pm
Saturday 9.00am - 2.00pm

Request a call back

WESLEYAN - Financial care since 1841

Red button 'could boost pensions'

Technology such as smartphone apps and TV remote controls could help savers boost their pension pots, according to a new report.

The Future Foundation think-tank looked at ways to help workers manage their retirement funds more easily ahead of the widespread introduction of automatic enrolment in October.

Its proposed solutions include a so-called "channel changer pension" which would allow savers to control their pensions using the red button on their television remotes.

The report also moots the development of a "pensions meter" app for smartphones, which would provide savers with up-to-date details about how much their pension is worth.

There may also be widespread support for using ATM machines to pay money into pension schemes, the authors said.

A survey of 1,000 workers found that almost a third (32 per cent) would be interested in a scheme which would let them deposit cheques and cash into their pensions from an ATM, or transfer funds from their bank account.

Copyright Press Association 2012

Find Your Financial Consultant

Financial Consultant Form

More information about FCs