Samantha is a sharp journalist who worked flat out last week, I know, I watched her the few times I was in the press room. She also found time to collar Richard Smith and this is what she wrote in the Daily Express.

The financial services industry is patting itself on the back but most savers do not have a clue how one crucial aspect of pensions works, an expert has said.

At least 30 million people in the UK do not know where their pension is or how much they have got, and the pension industry should be ashamed, a leading financial consultant has said.

Richard Smith, an independent consultant who has worked on the government’s pensions dashboard project, told leading pension industry chiefs that, seven years ago, 30 million people had no idea where their pension was or how much they had saved in it.

 

Richard is absolutely right about whereabouts but of course when we find out the value of our pension pot – we have no idea of the value of the pension, that’s because there is no pension to pay us an income with a DC pension pot, just a pot.

I had spent a useful hour with Sacha Sadan who did a great job at L&G’s sustainability section and is now the head of Sustainability at the FCA. He wants people to know what is happening to their money as they go along and sees an opportunity getting lost unless we get people back in touch with their pensions. I will be working with his team in getting “labels” on the funds people use to get themselves pensions (maybe the labels on the pension funds that pay them DC pensions -when that belatedly happens!).

But back to Richard who had some tough words for those who are supposed to make pension dashboards happen