This statistic depicts the expectations in 2014 of employees in reaction to the new budget regulations, announced to come to force in April 2015 in the United Kingdom (UK). It appears that nearly a three fourth (74%) of respondents did not think the reform would have any impact on their level of pension savings.
Distribution of employee expected savings in pensions as a result of the new budget in the United Kingdom (UK) in 2014
employees working for medium and large non-governmental employers
Supplementary notes
The question was phrased as follows: "In this year’s budget, the Government announced that it was lifting restrictions on how people over 55 can draw on their pension savings. We would like to ask your views of these changes."
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Willis Towers Watson. (December 4, 2014). Distribution of employee expected savings in pensions as a result of the new budget in the United Kingdom (UK) in 2014 [Graph]. In Statista. Retrieved September 18, 2024, from https://www.statista.com/statistics/467610/employee-reactions-to-the-budget-pension-saving-expectations-uk/
Willis Towers Watson. "Distribution of employee expected savings in pensions as a result of the new budget in the United Kingdom (UK) in 2014." Chart. December 4, 2014. Statista. Accessed September 18, 2024. https://www.statista.com/statistics/467610/employee-reactions-to-the-budget-pension-saving-expectations-uk/
Willis Towers Watson. (2014). Distribution of employee expected savings in pensions as a result of the new budget in the United Kingdom (UK) in 2014. Statista. Statista Inc.. Accessed: September 18, 2024. https://www.statista.com/statistics/467610/employee-reactions-to-the-budget-pension-saving-expectations-uk/
Willis Towers Watson. "Distribution of Employee Expected Savings in Pensions as a Result of The New Budget in The United Kingdom (Uk) in 2014." Statista, Statista Inc., 4 Dec 2014, https://www.statista.com/statistics/467610/employee-reactions-to-the-budget-pension-saving-expectations-uk/
Willis Towers Watson, Distribution of employee expected savings in pensions as a result of the new budget in the United Kingdom (UK) in 2014 Statista, https://www.statista.com/statistics/467610/employee-reactions-to-the-budget-pension-saving-expectations-uk/ (last visited September 18, 2024)
Distribution of employee expected savings in pensions as a result of the new budget in the United Kingdom (UK) in 2014 [Graph], Willis Towers Watson, December 4, 2014. [Online]. Available: https://www.statista.com/statistics/467610/employee-reactions-to-the-budget-pension-saving-expectations-uk/
