Factors prompting saving for retirement in the United Kingdom (UK) in 2020

Published by Statista Research Department, May 23, 2022
This statistic illustrates the events and other reasons that have motivated people to start saving for retirement in the United Kingdom (UK) as of 2020. It can be seen that an employer starting to pay into a retirement plan/ pension was the most common reason mentioned amongst the people surveyed in the United Kingdom at that time, with 24 percent of respondents stating this as a key prompt to begin saving for retirement. One of the second most common reasons to begin saving for retirement was also employer-related, with 21 percent of respondents stating that they began saving for retirement when they were automatically enrolled into their employer's retirement plan/ pension.

Which, if any, of the following have prompted you to start saving for retirement?

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Source

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Release date

May 2020

Region

United Kingdom

Survey time period

February 2020

Number of respondents

1,000 respondents

Special properties

workers and retired people

Method of interview

Online survey

Supplementary notes

Information regarding the scale and index methodology can be found on a dedicated Aegon page.

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