According to tech press coverage, the so-called robo advisors may be the future of retirement planning.A good examplea UK based robo advisor company, is True Potential Investor. They are just one of the many firms of this nature, providing an online investment service which allows consumers to add money to their personal pension accounts, using an app.
True Potential Investor has produced the infographic below, revealing a number of statistics about the UK population’s contributions to their personal pension accounts during Q3 2016. One interesting finding is that a proportion of the UK population contributed over £5,000 to their personal pension pots each month. Northern Ireland, London and the North East of Englandwere the UK areas with the most people adding over £5,000 to their pension accounts each month.