Article Preview:

During the past decade, many changes have been made to the UK retirement savings environment. These changes include requiring private-sector employers to enrol most employees into a workplace pension, and the increase in the UK state pension age.

The IFS – Retirement Saving Consortium and the Economic and Social Research Council published two new reports studying how individuals’ retirement-related attitudes, expectations and behaviours have changed over the last decade.

More private-sector employees have become pension members since 2012 due to the increased availability of employer-arranged pensions and employees are enrolled in a workplace pension membership by default.