37% of savers have taken action relating to their pension in lockdown

37% of savers have taken action relating to their pension in lockdown

Aviva reports "More than a third (37%) of pension savers – equivalent to 7 million people – have taken action relating to their pension during the lockdown so far, according to latest analysis from Aviva.

The research into how savings and retirement plans have been impacted by the COVID-19 pandemic and the subsequent UK lockdown reveals that more people have used their additional spare time to think about their finances. Almost a third (29%) of UK adults stated that they are now reviewing their spending habits more often, while one in seven UK adults (16%) agreed that the lockdown has prompted them to think about their pension more.

However just 1 in 10 (11%) pension savers have decreased or stopped contributions, while 8% have checked where their pension is invested (including 17% of 25-34s), and 5% have increased their contributions (including 10% aged 25-34)."  Read the full article  

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