The Nucleus Retirement Confidence Index
6 June 2024
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A year ago, we set out to gauge retirement confidence among UK adults.
A lot can happen in six months. Inflation is gradually falling but interest rates are sticking, the worst of the energy price shocks are behind us but we’re still very much in a cost of living crisis. And there’s a General Election on the horizon. It’s a good time to check how retirement confidence is holding up among UK adults.
In March 2024 YouGov asked the same questions about retirement confidence of just over 2,100 UK adults – this time aged 18 and above, for a broader view.
The high-level findings found that The Nucleus UK Retirement Confidence Index score fell to 4.4 from 6.9. That’s a drop of 36% in just over six months.
Factors that highlight the challenges consumers are facing in planning for their financial future, include:
- Affordability.
- Lack of personal planning.
- Majority of UK adults are dubious about state pension future.
- Changes in long-term savings framework rules and regulations.
