Do you know where your pension fund is invested? If not, you're far from alone, as nearly half of us don't have a clue.
This worrying apathy could be costing Brits thousands and leave us all with very disappointing pension pots come retirement.
In new research conducted by Baring Asset Management, almost one in two Britons (45%) were unable to say whether they opted for the default option when they last reviewed their pension, while over a third (35%) say they did choose the default investment option.
A savvier one in five (20%) say they have chosen the fund allocations of their pension. This is the highest percentage Barings has recorded since 2008, showing some increased engagement with pension funds – yet we all need to get on board with where our pension contributions are going.
Marino Valensise, chief investment officer at Barings, said: "This research highlights a worrying apathy towards pension investment amongst Britain's population.
"Far too many people do not know how their pension has been invested and many are happy to accept the default setting which may not necessarily offer the best fit in terms of risk and reward."
Valensise adds: "We strongly encourage people to talk to a professional adviser to ensure they are aware of all the options available to them."