Pension Savings (Accumulation) 2020

This report is a consumer research report looking at how individuals are saving for their pensions. This covers the accumulation phase of the pension process, i.e. buying or taking out a pension product and saving for retirement. For this report, IRN Research commissioned research from MIS Group’s UK panel. The research was structured so that 2,077 nationally representative consumers aged 18+ were asked about their pension ownership and savings. This generated 1,253 individuals who owned a pension.

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Report Highlights

This report is a consumer research report looking at how individuals are saving for their pensions. This covers the accumulation phase of the pension process, i.e. buying or taking out a pension product and saving for retirement. For this report, IRN Research commissioned research from MIS Group’s UK panel. The research was structured so that 2,077 nationally representative consumers aged 18+ were asked about their pension ownership and savings. This generated 1,253 individuals who owned a pension.

60% of consumers in the UK (66% of those who are not retired) have a pension, even if they are not currently making contributions into the plan/scheme. 91% of consumers owning a pension have a workplace pension and 68% have a private pension: 61% own both a private and a workplace pension.

This report and the detailed dataset of all survey results with a demographic analysis is available directly from IRN Research, priced at £1,700 (£2,040 including VAT). Discounts for multiple report purchases, report only, dataset only, or purchases of extracts are available.

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Report Features

Type Consumer Research Report
Year of Publication 2020
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