Less than a quarter of people in workplace pensions aware of ESG-related options

Under a quarter (23 per cent) of people in a workplace pension are aware of their ESG-related options despite an increased interest in sustainability, a new report from Secondsight has revealed.

The report, Workplace pensions and ESG, of 1,000 UK investors, found that 60 per cent of respondents did not know what ESG investing is.

The report also found that almost two-thirds (63 per cent) of those surveyed have changed their minds over the past three years about the importance of the environment. Just over half (51 per cent) felt strongly about the impact that climate change could have on their savings and investments.

Secondsight partner, Matthew Mitten, commented: “Making sure that employees have all the information they need to make decisions about their pension is vital. There is a clear disconnect between people’s opinions on sustainability and their awareness of what financial decisions are available to them that can put that into practice.”

Read the full article on Pensions Age here.