Half of UK pension savers prefer domestic investments, PLSA finds
Of these, 37% would choose UK investments provided returns are comparable, while 16% would still favour them even with lower returns.
More than half of savers (53%) prefer their pensions to be invested in the UK, research from the Pensions and Lifetime Savings Association (PLSA) has found.
Of these, 37% would choose UK investments provided returns are comparable, while 16% would still favour them even with lower returns.
However, 63% of savers remain unaware of whether their pensions are invested in UK firms or projects.
The study also highlighted a gap in financial knowledge, as only 23% of defined contribution savers knew where their pensions were invested.
Despite this, many savers prioritise returns over environmental or ethical factors.
Just 19% of DC savers would accept lower returns for greener investments.
Zoe Alexander, director of policy and advocacy at the Pensions and Lifetime Savings Association, said: “It’s striking that UK investments are proving to be a preference for many savers.
“Pension schemes are already thinking hard about how to invest more in the UK in ways that will deliver strong returns.
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