Pensions and the metaverse

The metaverse offers pensions schemes exciting new opportunities. It could provide new ways for members to engage with their pension schemes, the way their funds are invested, and their retirement options. Better engagement should lead to better decision making and outcomes for pension scheme members, but low levels of engagement and understanding, particularly younger members, is a persistent issue for the pensions industry. Recent UK Government research found that attitudes to pensions were ‘characterised by detachment, fear and complacency’. Reducing feelings of...