According to a YouGov survey almost 70% of participating pension holders would like to be able to manage their pension investments in real time and whilst on the go using their smartphones.
Would you use a smartphone app to manage your pension if one was available?
Confidence in your investments
The survey uncovered some interesting statistics and shows how the retail investors market is developing.
Over half of those surveyed wanted more transparency regarding where their money was being invested so they can play a more active part in their own financial planning.
44% of investors who contributed to the results also suggested if they had a more participating role in managing their investments alongside their financial adviser, they would be more inclined to save and invest more.
Do you want to know where your pension is invested?
At present only 20% felt they had a grasp on where their pension investments were placed.
Of course, some people want to take more of a back seat role and are happy to leave everything in the hands of their financial adviser, but for those who are keen to understand the investment process and where their funds are currently invested, technology is going to be a useful advantage compared to previous generations, to keep customers up to date and involved with the future of their investments.