Worse off savers delay changing pension investments - research

82% made no changes

James Phillips
clock • 1 min read

Pension savers have held off from making changes to their pensions despite nearly half having been impacted by the pandemic, research finds.

While 45% reported some impact on their personal finances or their employment, the majority (82%) had not amended their retirement savings, The People's Pension (TPP) said. A YouGov survey conducted last month with 2,084 adults, of whom 1,554 had a pension, found that just 2% had cut back on pension contributions since March - but another 2% had increased their contributions. Similarly, just 1% of workers had delayed their retirement plans while another 1% had brought them forward. Meanwhile, approximately one in seven savers had checked the value of their pension savings since the...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Retirement

The conversation that has to change with the 100-year life

The conversation that has to change with the 100-year life

'Advisers need to continue to challenge the cliff-edge narrative directly with clients'

Graeme Bowden
clock 24 September 2026 • 4 min read
Client confidence boost from advice review in retirement fades after six months

Client confidence boost from advice review in retirement fades after six months

Widespread uncertainty about how much can be sustainably spent in retirement

Laura Miller
clock 16 September 2026 • 3 min read
Defensive income before retirement: A four layered framework

Defensive income before retirement: A four layered framework

Entering decumulation can be an unsettling time for clients

Joe Simpson
clock 10 August 2026 • 4 min read