Summary

Polling of over 3,000 working age people in the UK found over a quarter of people do not expect to stop working before 70: 15% of people expect to retire at age 70 onwards and 13% do not ever expect to retire. One in three believe they will have a bad level of income in retirement and the majority think they will be worse off than their parents.

On the state pension:

• 73% think the state pension does not provide enough to attain a decent standard of living in retirement. This varies by age group:
• 78% in the 50-64 age group
• 70% in the 50-64 age group

• 58% of people don’t know what the state pension pays. This is broken down as follows:
• 46% in the 50-64 age group
• 65% in the 25-49 age group