Smart Pension has teamed up with YouGov to establish the current state of workplace pensions in the UK to date. We have summed up the most interesting data in the infographic below.

Employee Perceptions

Employee Perceptions

Employee Perceptions Employee Perceptions
  • (48%) of employees don't want to think about pensions

    Half

    (48%) don't want to think about pensions

    (56%) of employees believe they aren't saving enough

    6 out
    of 10

    (56%) believe they aren't saving enough

  • 68 of employees say their pension contribution is all they can afford

    say the amount they currently contribute towards their pension is all they can afford, however…

    Pension contribution chart
    26% of employees believe they could be saving more towards their retirement.

    disagree, indicating that they believe they could be saving more towards their retirement.

  • intend to invest in a pension in the next 5 years

    intend to invest in a pension in the next 5 years,

    29% intend to invest in a pension in the next 5 years
    15% of employees don't believe their employer will offer them a workplace pension

    they don't believe their employer intends to offer them a workplace pension

  • 38% of employees didn't know that Employer and state contributions can be more than their own

    of people surveyed didn't know a workplace pension means that the Government's and employer's contributions are generally greater than the employee contribution

    Speech bubbles
  • Wpp info 2 in 10
    Wpp info 2 out of 10
  • Wpp info 62 percent

    of those with no pension said they would rather not think about their pension at the moment. Those that have gone through the process of auto enrolment, the number drops from 62% to 48%

    Wpp info employer chair
Wpp info employer chair
  • 81% of workers in London agree that they save as much as they can afford that is the highest of all cities surveyed by 7% points and a full 11% above the overall average for all cities surveyed.
  • Workers in London have the lowest understanding (54%) of how much the government and their employer contribute to their pensions, those in Edinburgh had the highest understanding at 69%.
  • London has the highest proportion of workers that would opt out 26% , closely followed by Glasgow 23% then Greater Manchester 21%.
  • Bradford + Greater Manchester had the greatest proportion of respondents answering that they had been offered a workplace pension by their current employer (76%). These cities also featured the greatest number of respondents who believe their savings will leave them comfortable in retirement, and also answered more positively when asked if they wanted to think about their pensions at the moment.
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Pensions Data: City Findings

Pensions Data: City Findings Icon location
  • Birmingham
     
    • 23%

      Likely to invest in a pension in the next five years.

    • 69%

      have been offered a workplace pension by their current employer.

    • 15%

      have, or would opt out of a workplace pension.

    • 23%

      believe their savings will leave them in a comfortable position.

    • 54%

      would rather not think about their pension at the moment.

    • 71%

      save all that they can afford toward their pension.

    • 35%

      are unaware of the benefit of goverment+employer contributions to workplace pensions.

    • Click here for more Birmingham stats.
  • Bradford
     
    • 33%

      Likely to invest in a pension in the next five years.

    • 76%

      have been offered a workplace pension by their current employer.

    • 14%

      have, or would opt out of a workplace pension.

    • 39%

      believe their savings will leave them in a comfortable position.

    • 42%

      would rather not think about their pension at the moment.

    • 68%

      save all that they can afford toward their pension.

    • 40%

      are unaware of the benefit of goverment+employer contributions to workplace pensions.

    • Click here for more Bradford stats.
  • Brighton
     
    • 31%

      Likely to invest in a pension in the next five years.

    • 65%

      have been offered a workplace pension by their current employer.

    • 11%

      have, or would opt out of a workplace pension.

    • 24%

      believe their savings will leave them in a comfortable position.

    • 47%

      would rather not think about their pension at the moment.

    • 67%

      save all that they can afford toward their pension.

    • 44%

      are unaware of the benefit of goverment+employer contributions to workplace pensions.

    • Click here for more Brighton stats.
  • Bristol
     
    • 39%

      Likely to invest in a pension in the next five years.

    • 75%

      have been offered a workplace pension by their current employer.

    • 13%

      have, or would opt out of a workplace pension.

    • 29%

      believe their savings will leave them in a comfortable position.

    • 62%

      would rather not think about their pension at the moment.

    • 71%

      save all that they can afford toward their pension.

    • 35%

      are unaware of the benefit of goverment+employer contributions to workplace pensions.

    • Click here for more Bristol stats.
  • Cardiff
     
    • 23%

      Likely to invest in a pension in the next five years.

    • 59%

      have been offered a workplace pension by their current employer.

    • 13%

      have, or would opt out of a workplace pension.

    • 24%

      believe their savings will leave them in a comfortable position.

    • 59%

      would rather not think about their pension at the moment.

    • 69%

      save all that they can afford toward their pension.

    • 40%

      are unaware of the benefit of goverment+employer contributions to workplace pensions.

    • Click here for more Cardiff stats.
  • Edinburgh
     
    • 31%

      Likely to invest in a pension in the next five years.

    • 72%

      have been offered a workplace pension by their current employer.

    • 12%

      have, or would opt out of a workplace pension.

    • 30%

      believe their savings will leave them in a comfortable position.

    • 61%

      would rather not think about their pension at the moment.

    • 61%

      save all that they can afford toward their pension.

    • 31%

      are unaware of the benefit of goverment+employer contributions to workplace pensions.

    • Click here for more Edinburgh stats.
  • Glasgow
     
    • 39%

      Likely to invest in a pension in the next five years.

    • 68%

      have been offered a workplace pension by their current employer.

    • 20%

      have, or would opt out of a workplace pension.

    • 31%

      believe their savings will leave them in a comfortable position.

    • 58%

      would rather not think about their pension at the moment.

    • 70%

      save all that they can afford toward their pension.

    • 32%

      are unaware of the benefit of goverment+employer contributions to workplace pensions.

    • Click here for more Glasgow stats.
  • Leeds
     
    • 31%

      Likely to invest in a pension in the next five years.

    • 72%

      have been offered a workplace pension by their current employer.

    • 11%

      have, or would opt out of a workplace pension.

    • 38%

      believe their savings will leave them in a comfortable position.

    • 50%

      would rather not think about their pension at the moment.

    • 67%

      save all that they can afford toward their pension.

    • 43%

      are unaware of the benefit of goverment+employer contributions to workplace pensions.

    • Click here for more Leeds stats.
  • London
     
    • 30%

      Likely to invest in a pension in the next five years.

    • 51%

      have been offered a workplace pension by their current employer.

    • 22%

      have, or would opt out of a workplace pension.

    • 30%

      believe their savings will leave them in a comfortable position.

    • 59%

      would rather not think about their pension at the moment.

    • 81%

      save all that they can afford toward their pension.

    • 76%

      are unaware of the benefit of goverment+employer contributions to workplace pensions.

    • Click here for more London stats.
  • Sheffield
     
    • 32%

      Likely to invest in a pension in the next five years.

    • 69%

      have been offered a workplace pension by their current employer.

    • 14%

      have, or would opt out of a workplace pension.

    • 22%

      believe their savings will leave them in a comfortable position.

    • 64%

      would rather not think about their pension at the moment.

    • 74%

      save all that they can afford toward their pension.

    • 43%

      are unaware of the benefit of goverment+employer contributions to workplace pensions.

    • Click here for more Sheffield stats.
  • Greater Manchester
     
    • 28%

      Likely to invest in a pension in the next five years.

    • 76%

      have been offered a workplace pension by their current employer.

    • 18%

      have, or would opt out of a workplace pension.

    • 39%

      believe their savings will leave them in a comfortable position.

    • 48%

      would rather not think about their pension at the moment.

    • 67%

      save all that they can afford toward their pension.

    • 40%

      are unaware of the benefit of goverment+employer contributions to workplace pensions.

    • Click here for more Greater Manchester stats.
  • UK
     
    • 31%

      Likely to invest in a pension in the next five years.

    • 68%

      have been offered a workplace pension by their current employer.

    • 15%

      have, or would opt out of a workplace pension.

    • 31%

      believe their savings will leave them in a comfortable position.

    • 55%

      would rather not think about their pension at the moment.

    • 70%

      save all that they can afford toward their pension.

    • 38%

      are unaware of the benefit of goverment+employer contributions to workplace pensions.

    • Click here for more UK stats.
Icon employer perceptions

Employer Perceptions

Employer Perceptions Icon employer perceptions
  • Wpp info 55 percent

    of small business employers agree that auto enrolment is / will be a burden on their business.

    Wpp info auto enrolment burden
  • Wpp info 30 percent


    of small business employers think contributing to employee pensions will make them less likely to take on permanent staff for the long-term

    Wpp time flies
    Wpp info 22 percent

    stated that they would implement measures for the benefit of their employees as a result of AE, with 10% intending to implement flexible working hours.

    Wpp employee workstation
Icon search

Smart Pension Findings

Smart Pension Findings Icon search
  • Wpp sign

    51%

    When researching workplace pensions online, Men are 51% more likely to sign up to a pension provider there and then than women.

    Wpp highlghter

    Thursday

    The most common day for employers to set up their workplace pension is Thursday followed by Tuesday.

    Wpp devices

    1 in 5

    of Smart Pension's users sign up for their pension with mobile or tablet devices.

    Wpp glasses

    35 to 44

    The largest age group of employers for workplace pensions is the 35 to 44.

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