Latest headline findings:
Brits feel more positive than negative about their retirement outlook, with a Pension Confidence Indicator of +29 in December 2024.
Over 55s remain more positive about their retirement outlook than under 55s, from September 2023 to December 2024.
The State Pension remains a key factor behind whether people, of all ages, feel good or bad about their future.
48%
Currently feel positive about their pension
0%
Increase in positivity compared to the previous index
Top reason for positive sentiment: “My employer contributions are relatively good” (46%)
35%
Plan to increase contributions as top pension priority
Top reason for negative sentiment: "I can't afford to contribute enough" (26%)
60%
Feel positive about their pension
6%
Increase in positivity compared to the previous index
Top reason for positive sentiment: “My personal contributions are relatively good" (45%)
45%
Plan to increase contributions as top pension priority
Top reason for negative sentiment: “I think my pension pot is small” (29%)
46%
Feel positive about their pension
2%
Increase in negativity compared to the previous index
Top reason for positive sentiment: "My employer contributions are relatively good" (47%)
38%
Plan to increase contributions as top pension priority
Top reason for negative sentiment: "I think my pension pot is small" (35%)
37%
Feel positive about their pension
-8%
Decrease in positivity compared to the previous index
Top reason for positive sentiment: “My employer contributions are relatively good" (40%)
32%
Plan to increase contributions as top pension priority
Top reason for negative sentiment: "I can't afford to contribute enough" (37%)
53%
Feel positive about their pension
2%
Increase in positivity compared to the previous index
Top reason for positive sentiment: "I'm entitled to the full State Pension" (57%)
Top reason for negative sentiment: "I don't trust the Government to maintain a decent State Pension" (26%)
76%
Feel positive about their pension
2%
Increase in positivity compared to the previous index
Top reason for positive sentiment: "I'm entitled to the full State Pension" (58%)
Top reason for negative sentiment: “I don't trust the government to maintain a decent State Pension" (23%)
*Source: PensionBee, a nationally representative sample size of 2,000 people, with half of the respondents under age 55 (the age people can access their private pensions) and half over 55.
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