Pensions UK 2030 Report finds adequacy, instability, and innovation define the decade ahead
Pensions UK has published findings from its latest report titled ‘2030 Ready: The Industry Lens’, ahead of its Annual Conference, revealing members’ expectations for the changes, challenges, and opportunities that will shape the pensions industry by the 2030s. The report shows that 44% of members expect very significant change in the pensions sector by 2035, while 77% remain confident that the industry will successfully adapt to demographic and economic trends. The survey identified retirement adequacy as the greatest challenge—74% of respondents believe inadequate outcomes for defined contribution (DC) savers will be the biggest concern in the 2030s, with experts anticipating longer working lives and growing reliance on DC over defined benefit (DB) schemes. Other key challenges include State Pension sustainability, the future of the Triple Lock, and declining confidence among younger generations regarding long-term State Pension availability.