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Development of pension savings among the United Kingdom (UK) population 2012-2016

This statistic shows the share of employees in the United Kingdom (UK) who have made adequate retirement savings from 2012 to 2016, by the size of their employer. Introduction of the automatic enrollment plans for employer-supported pension schemes saw a spike in savings made by employees, particularly of medium and large businesses, who report adequate savings for pensions in 2016 (51 percent and 66 percent of the sample, respectively).

Share of people saving adequately for retirement in the United Kingdom (UK) from 2012 to 2016, by employer size

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Source

Release date

October 2016

Region

United Kingdom

Survey time period

2012 to 2016

Number of respondents

5,151 respondents

Age group

18 years and older

Method of interview

Online survey

Supplementary notes

Survey fieldwork in 2016 took place between April 13th and April 26th, 2016.
Small business means 10 to 49 employees, medium 50 to 249, large - over 250 employees.

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