We asked members if they had taken any other actions with regard to their retirement savings plans such as checking balances more regularly or seeking financial advice.
Only one-third of pension scheme members have taken action with regard to their retirement savings plan.
Key Finding #6: Savers would not be happy for their employer to pause contributions into their retirement savings plan
Given the difficulties that many businesses in the Netherlands have faced during the pandemic, we asked savers whether they would be comfortable with their employer stopping pension contributions temporarily if the employer were struggling to survive in the current climate, and it was permitted legally.
52% of members would not want their employer to pause pension contributions.
Key Finding #7: Equities are seen as a good long-term investment, but members prefer lower volatility
March saw 20%+ falls in stock prices and record-high levels of volatility. Whilst some investors flocked to safe assets, others took the opportunity to buy at potentially low valuations. The members in our survey indicated a sense of awareness about crystalising losses, with fewer than 20% thinking now is a good time to sell their equity investments.