John Stepek

was talking about how the UK doesn't yet have a kind of 401k chat culture as the US does.

But over time, if everyone actually has to worry about what's in their pension and gets to grips with that, then that could be positive for investment in this country.

But...

The other problem is that auto-enrolment is the kind of thing that people will sit there, they'll say, oh, I'm getting paid into a workplace pension scheme.

I mean, one of the reasons that it's an opt-out is because that's to make people do it by default.

But the problem is that when people are doing it by default, they don't think about what's in it or they can't be bored with the hurdles.

And to be fair, I went on the NEST scheme for something that's completely different from this topic, but a bit earlier today.

And you can, you know, it's not hard to look up what they're invested in, but the question is, is anyone going to bother?

And I do think that...

And I don't know who does it, because if you're listening to this, right, and we are talking to you directly, and you don't know what's in your pension auto-enrolment scheme, go and check it.

Don't be lazy.

This is important.

But we only have so many, you know, million listeners.

I'll put a wee asterisk by that.

And, you know, so how do you get the message across?

Is this something that you have to drop on employers to kind of like, you know,

educate their employees and say, look, this is, by the way, what this invests in.

But then you're going down a whole other rabbit hole of... I don't think this is the employer's responsibility.

Well, I don't think so either, but who does it become?

I mean, to be fair, that's a good point.