13 Sep 2017

Research: Pensions and Retirement

Capita's latest Employee Insight report looks at employee attitudes to pensions and other forms of long-term savings. It considers the impact pension communications have on decision-making and the demand for financial education.

Key findings:

Nearly two-fifths of employees said that they cannot afford to pay more into their pension, while 21% said they have other financial priorities.
39% of 16-34 year olds said that if they could, they would cash in their entire built up pension in order to buy a house to live in.
Most respondents said they more or less understand the pension communications they receive. Although 44% admitted that the communications had not prompted action.
62% of employees said they would prefer their pension income at retirement to be guaranteed.

The research report draws from a survey of some 1,200 UK employees.