Retirement saving in the UK

Our annual publication, Retirement saving in the UK, looks at the pension saving experiences of people who have been enrolled into Nest. With a sample that includes around a third of the UK working population, it’s one of the largest empirical studies of pension saving behaviours in the UK. As part of this series, we’ll also share supplementary reports that shine a spotlight on specific challenges facing defined contribution pension savers. 

Retirement saving in the UK 2021 (PDF), our fourth annual report, takes stock of the last 10 years painting a rich portrait of the lived experience of almost 10 million Nest members, many of whom are low and moderate income workers. This year’s expanded report presents fascinating evidence about the evolution of auto enrolment and Nest’s membership, sharing analysis of Nest’s administrative data, as well as Nest’s own bespoke surveys of members and data from official organisations such as the Office for National Statistics (ONS).

If you’re interested in collaborating with us on this research programme, please get in touch: 

Previous annual reports

Retirement saving in the UK 2020

Following on from How the UK Saves, previously produced with Vanguard, our third annual report, Retirement saving in the UK 2020 (PDF), examined the savings behaviours of over 9.5 million Nest members between April 2019 and September 2020. During this time, the second and final planned increase in minimum auto enrolment pension contributions took place, increasing total contributions from 5% to 8% of band earnings, and the Covid-19 pandemic resulted in a number of restrictions and national lockdowns which had a significant impact on the saving behaviours and financial wellbeing of people in the UK. In both cases, many observers predicted that significant numbers of people would stop saving for retirement, yet to date our data suggests otherwise. Read More

How the UK Saves 2018-2019 

We’re proud to have worked with leading experts at Vanguard’s Center for Investor Research to produce How the UK Saves, a series of annual reports and supplements examining the behaviours, demographics and likely retirement outcomes of millions of UK workers saving with Nest. Read More