Majority of savers aware of 'generation gap' in pensions

Scottish Widows finds one third are at risk of falling below minimum retirement threshold

Jasmine Urquhart
clock • 4 min read
Scottish Widows' report found 35% of adults are at risk of falling below the PLSA 'minimum' retirement living standard
Image:

Scottish Widows' report found 35% of adults are at risk of falling below the PLSA 'minimum' retirement living standard

Three quarters (78%) of adults are aware of a “generation gap” within pensions and say the generation before them enjoyed better retirement prospects, a report from Scottish Widows finds.

The report, which looked at data from 1,045 adults who have not yet retired, also found two in five (38%) of people did not start contributing to their pension pot until age 35 or later, while just...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Barnett Waddingham sees revenue rise 12.8% to £181m

Barnett Waddingham sees revenue rise 12.8% to £181m

Consultancy points to year of ‘standout commercial success’

Jonathan Stapleton
clock 28 October 2025 • 2 min read
PASA publishes guidance on the use of data and AI

PASA publishes guidance on the use of data and AI

AI introduces ‘unprecedented’ risks and challenges and the industry must ‘embrace innovation responsibly’

Holly Roach
clock 28 October 2025 • 1 min read
The UK's biggest pension consulting firms by revenue

The UK's biggest pension consulting firms by revenue

PP has analysed the accounts of the biggest pension consulting firms

Jonathan Stapleton
clock 28 October 2025 • 1 min read
Trustpilot