Adequate Savings index

The Adequate Savings Index measures the percentage of the population saving adequately (saving at least 12% of their income or on a defined benefit pension). In this section, we explore how it has changed over time for different demographic segments.

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The Adequate Savings Index has seen once again a record proportion saving adequately for retirement.

It is positive to see that despite the disastrous effects that the pandemic has had on society, retirement preparations have remained so resilient.

Adequate Savings Index conclusion


Adequate Saving index

Given the disastrous effects that the pandemic has had on society and individuals, it is highly encouraging to see that pension savings have remained resilient. But inequalities in retirement savings remain and a large minority are still not saving enough. Progress was also plateauing before the pandemic as the rollout of automatic enrolment was completed.

New policies are needed to continue to ensure everyone has the opportunity to save enough for their retirement. Further discussion and information can be found in the full version of the 2021 Scottish Widows Retirement Report.

Explore 17 years’ worth of Scottish Widows Retirement Report data.

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