Pensions UK research reveals pension saving remains steady despite cost-of-living pressures
Pensions UK has published findings from its new research conducted by Yonder Consulting, based on a sample of 2,082 adults, revealing that despite ongoing cost-of-living pressures, pension saving remains resilient. The report notes that 44% of UK adults say their financial situation is worse than 12 months ago, up from 34% in 2024, yet pension contributions have largely remained untouched, with only 4% reducing workplace or private pension payments. It found that 65% believe people should be encouraged to make higher pension contributions, while only 18% consider the full State Pension—around £12,000 a year—enough to live on, with 62% disagreeing.