WEBWIRE — Saturday, November 7, 2026
- 56% of UK working age grownups fret they will not have adequate cash for an appropriate requirement of living
- 3 in 10 (29%) have actually ruled out or do not understand just how much they will require to have a comfy retirement
- Over half (54%) of UK pension savers have 2 or more pension pots
- 62% report spaces in work can cause spaces in their pension contributions
- Half (50%) have either no understanding of annuities, or have actually never ever become aware of them
More than one in 10 UK working age grownups (13%) think that as much as 100,000 in a pension pot would suffice to support them through later on life, according to Aviva research study.
For some individuals, 100,000 might suffice when integrated with the State Pension or other sources of retirement earnings. How far any pension pot will extend depends on specific situations and the way of life somebody desires in retirement. 3 in 10 (29%) state they have actually had ruled out, or did not understand, the earnings required for a comfy retirement, while 56% concern they will not have adequate cash to preserve an appropriate standard of life.
To put 100,000 into context, it might presently purchase a single life annuity earnings of around 8,000 a year [1]or about 667 a month, for a healthy 65-year-old. The real earnings will differ depending upon elements consisting of age, health, annuity rates at the time and the alternatives selected.
Just how much somebody requirements will depend upon their scenarios, consisting of the age they retire, the way of life they would like and other sources of retirement earnings, such as the State Pension, cost savings or residential or commercial property earnings.
The research study likewise demonstrates how altering tasks and scenarios can make retirement preparation more difficult to track. Majority of pension savers (54%) have 2 or more pension pots, while 62% report spaces in work that can result in spaces in their pension contributions.
As individuals approach retirement, comprehending the options readily available to turn a pension pot into an earnings at retirement can be another obstacle. Majority of grownups (50%) state they have little or no understanding of annuities.
Aviva is releasing the findings throughout Talk Money Weekwhich ranges from 2 to 6 November 2026. This years style, It All Counts, concentrates on sensible, workable actions that can assist individuals construct monetary self-confidence.
Alistair McQueen, Head of Savings and Retirement at Aviva, stated: 100,000 seem like a great deal of cash, however retirement can last for years. Thats why it is handy to consider a pension as the earnings it will require to offer, instead of the size of the pot as a whole.
There is no magic number that will be best for everybody. Start with the retirement you desire, exercise approximately what it may cost and after that take a look at whether what you have actually conserved up until now is on track.
You do not require to end up being a pensions professional to get going. Have a look at your pensions, find any pots from previous tasks and be familiar with the options youll have later on in life. Talk Money Week is an excellent timely to take one workable action, due to the fact that everything counts.
Your five-minute retirement truth check:
- Just how much earnings might you require? Consider the life you would like in retirement and what it might cost. Compare that with the earnings you might be on track to get. Aviva has tools and calculators that can assist you prepare.
- Do you comprehend your retirement earnings alternatives? Find out the fundamentals before you require to decide. Alternatives can consist of taking money, drawing an earnings from an invested pension or purchasing an annuity. Find out more about retirement earnings choices
- What could your pension pot supply as earnings? Examine the current worth and retirement forecast from each of your pension suppliers. Look at your State Pension projectionas your work environment or personal pensions might be just part of your general retirement earnings.
- Do you understand where all your pensions are? If you have actually altered tasks, inspect the pensions you have actually developed along the method. Discovering old pots through tools like Avivas Find and Combine can offer you a clearer view of your total cost savings.
- Have work or contribution spaces impacted your strategies? A brand-new task, profession break or modification in earnings can be a beneficial timely to evaluate your pension, including your own payments and any company contribution. Moneyhelper can deals assistance on whatever associated to pensions and retirement.
-ends-
Method:
Research study was performed by Ipsos on behalf of Aviva amongst 4,000 UK grownups aged 1866 by means of an online study in between 28 May and 9 June 2026. The last addressable-market sample was 3,881 grownups (specified as non-retired grownups who are home monetary decision-makers; those relying exclusively on specified advantage pensions were left out), consisting of 262 self-employed participants. Quotas and weighting were used to guarantee the sample was nationally representative on age, gender, area, ethnic culture, working status and individual earnings.
Recommendations:
- We are the UKs just varied insurance provider and we run in the UK, Ireland and Canada. We likewise have worldwide financial investments in India and China.
- We assist our 25.3 million clients make the most out of life, strategy for the future, and have the self-confidence that if things go incorrect well be there to put it.
- We have actually been looking after individuals for more than 325 years, in line with our function of being with you today, for a much better tomorrow. In 2025, we paid 31.9 billion in claims and advantages to our clients.
- Aviva is a Living Wage, Living Pension and Living Hours company and offers market-leading advantages for our individuals, consisting of versatile working, paid carers leave and equivalent adult leave. Learn more at www.aviva.com/about-us/our-people/
- As at 30 June 2026, overall Group properties under management at Aviva Group were 479 billion and our approximated Solvency II investor capital surplus was 6.8 billion. Our shares are noted on the London Stock Exchange and we belong to the FTSE 100 index.
- For more information on what we do, our organization and how we assist our clients, see www.aviva.com/about-us
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