Of more than 800 members surveyed by digital workplace pension provider Penfold, 69% said they would benefit from more options being made available to them.

Workplace pensions have remained largely unchanged for decades, according to a report in FT Adviser, something that could be addressed by improving what’s on offer.

Penfold chief executive Chris Eastwood said: “Our research suggests people want something different. They want greater control over how their pension is invested, but they also want confidence that they’re making sensible long-term decisions.

“We think the future of pension investing is about meaningful choice, supported by thoughtful guidance. People should be able to build a pension portfolio that reflects what matters to them, while having the tools to invest confidently for the long term.”