Evaluation Scotland Wales

22.5 million working-age adults have not done very much or at all to plan their finances for retirement

Retirement planning

According to the Department for Work and Pensions, 12 million of us are not saving enough for retirement. This is an area that has undergone significant change, with the introduction of workplace pensions automatic enrolment and new freedoms around how people can use their pension savings. While automatic enrolment will see more people saving into pensions, some people will need to save more to have an adequate income in retirement. The ability to access pension money from age 55, and have the freedom to make their own income choices, may also have an impact on later life.

Latest News

  • Wednesday 10 April 2019

    Your views needed: A money guidance practitioner framework

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Financial capability in action

Webinar: financial wellbeing in the workplace

Hays Recruitment share how they approached this issue with management and employees, and demonstrate that you don’t need big budgets or massive resources to make effective change.

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Listening phase: help shape our strategy

The Money and Pensions Service has launched a series of listening events across the UK - an opportunity to feed in your aspirations and ambitions as we start to develop our National Strategy and three-year corporate plan.

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Consumer engagement: barriers and biases

Policy makers are increasingly viewing behavioural techniques as a means to helping people make better decisions and achieve better outcomes. A number of behavioural techniques are now being used in the pensions environment to promote saving.

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Retirement planning strategy overview

The Strategy reflects the unique challenges people face when saving into a pension, making decisions about retirement income, and managing retirement savings throughout life, working with employers and leading the co-ordination of collaborative efforts to provide better access to pension information and improving the consumer retirement journey.

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Life stages across the UK