Scottish Widows report: Retirement Report 2026
It makes several recommendations, including increasing default pension contributions under auto-enrolment to 12%, introducing an auto-enrolment equivalent for the self-employed, and better decision-making support.
The report also recommends accelerated compatibility between pensions and personal financial products (savings, investments, housing equity) to facilitate better retirement journeys.
Download the full report to find out:
- 12.2 million people face pension poverty in later life.
- Boosting auto-enrolment contributions would drive pension poverty down to just 13%.
- 31% of UK adults are currently at risk of failing to cover their basic needs in retirement, and improvement from 39% last year.
Supplied by REBA Associate Member, Scottish Widows
Scottish Widows is a life, pensions and investment company.
