Fewer than one in five (18%) employees with a workplace pension have a clear retirement plan, despite more than half (51%) having given a lot of thought to their financial needs in later life.

Only 16% of UK adults expect to stop work completely and enter full retirement with 30% expecting to continue working in some capacity during later life.

Pension savers withdrew more than £91bn from their retirement pots in 2025/26, according to the FCA’s latest Retirement Income Market Data.

Women aged 55-59 have around half (54%) the pension wealth of men of the same age, according to new research from the Pensions Policy Institute.

The Society of Pension Professionals (SPP) has warned that millions of people are at risk of a retirement shortfall because the UK has failed to join up housing and pension policy.

Martin Brown, founder and managing partner of national IFA firm Continuum, will retire and step down at the end of August after more than a decade leading the business.

More than a third (36%) of people in their 60s who have yet to retire say they will need to work longer as a direct result of the planned State Pension age rise.

Government plans to bring forward the rise in State Pension age to 68 by seven years will hit the poorest and most vulnerable older citizens, former Pensions Minister Baroness Ros Altmann has warned.

A new study covering 4,000 people has found that nearly half of people (48%) have never discussed retirement plans with their families.

Almost two-fifths (38%) of workers fear they will never be able to afford to retire while more than four in five (83%) say rising living costs will leave them less comfortable in retirement.

Three in four pension savers are failing to save enough for even a moderate income in retirement, according to Pensions UK’s updated Retirement Living Standards (RLS) report published today.

Almost a third of people, 12.2m, face the prospect of pension poverty in later life, according to the Scottish Widows' Annual Retirement Report published today.

Paying for independent school fees is delaying retirement for more than six out of 10 (61%) parents with privately educated children.

Only 14% of people are ‘on track’ to retire at their desired age with their desired income, leaving the majority at risk of retiring later than expected, according to a new study.

Almost half of savers (46%) lack confidence that their money will provide a comfortable retirement, according to a new survey.

More than half (54%) of people born between 1965 and 1980 are heading for 'inadequate' retirement income, according to a new report from think tank The Social Market Foundation.

Retirement specialist Just Group has reported a 39% slump in underlying operating profit in 2025 to £305m (2024: £504m).

Only 42% of people have a clear understanding of what their retirement options are, leaving them at risk of sleepwalking into bad decisions, new research has warned.

The figure, compiled by Hargreaves Lansdown, increases slightly to 45% of the over-55s, but still points to a lack of understanding even among the older people.

The firm said the lack of understanding leaves people at risk of making decisions they can’t unwind, potentially running out of money or incurring unnecessary tax bills.

Hargreaves pointed out that the upcoming targeted support reforms will be hugely helpful in guiding people to understand what is right for them. It added that those able to access financial advice will be supported through their decisions.

Helen Morrissey, head of retirement analysis at Hargreaves Lansdown, said: “Those who have access to a financial adviser will have valuable support navigating the processes in the run up to, and through, retirement.”

She pointed out that advisers and Financial Planners will talk clients through issues such as attitude to risk, the impact of long-term inflation on purchasing power, how to take an income and whether flexibility or certainty is more important, or a combination of both.”

She added that the targeted support reforms coming in from April will be good news for those without access to a financial adviser. “These will enable providers to really step up the support they can offer to their customers by being able to offer options based on what might work for 'people like them.' Such reforms have the potential to be a real gamechanger for people navigating the complex retirement landscape.”

• The survey of 1,500 people was conducted by Opinium on behalf of Hargreaves Lansdown in October 2025.

The majority of UK workers reckon a strong pension is more important than flexible working, bonuses, healthcare and lifestyle perks when joining a new company.

Less than one in five (19%) of people said they would consider downsizing their home in retirement.