Scottish Widows says 15.3 million people at risk of retirement poverty

Major concerns for gen Z, low to middle-income earners and self-employed workers

Jasmine Urquhart
clock • 3 min read
Scottish Widows says 15.3 million people at risk of retirement poverty

More people are at risk of retirement poverty than two years ago, with some 15.3 million at risk, according to Scottish Widows.

The firm's Retirement Report 2025, which surveyed 5,167 adults earlier this year, said rising costs mean two in five (39%) are not on track for a minimum retirement living standard. This is an incr...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Defined Contribution

Industry and regulators have a chance to shape a new era for DC pensions, TPR says

Industry and regulators have a chance to shape a new era for DC pensions, TPR says

Chair Emma Douglas says the pension system is ‘unfinished business’

Martin Richmond
clock 02 October 2026 • 5 min read
Employee contributions to DC schemes rise to £3.2bn

Employee contributions to DC schemes rise to £3.2bn

Latest ONS data shows deferred memberships of DC schemes also increasing

Alex Levy
clock 02 October 2026 • 2 min read
Pensions minister calls for 'acceleration of progress' on UK growth investment

Pensions minister calls for 'acceleration of progress' on UK growth investment

Torsten Bell says Mansion House pledge date of 2030 is ‘practically tomorrow’

Jonathan Stapleton
clock 01 October 2026 • 3 min read
Trustpilot