Financial pressures leave Britons facing 'mid-life savings crisis' - Zurich

‘Procrastination’ mindset also a problem - Old Mutual

Victoria McKeever
clock • 3 min read

Britons are facing a 'mid-life savings crisis, Zurich has warned, after research by the group indicated a third of Britons aged 35 to 39 - equivalent to about 1.31 million people - have no pensions savings at all.

The survey of more than 1,000 adults, which was carried out by YouGov on behalf of Zurich earlier this year, suggested financial pressures could be forcing some people to start saving later. The situation was bleaker still among  the so-called Millennial generation as almost two-fifths (37%) of those aged 25 to 34 - equivalent to some 3.2 million adults - are not saving into a pension, the survey found. Zurich head of retail platform strategy Alistair Wilson (pictured) said: "Rising rents and house prices, combined with years of low wage growth, have made it harder than ever for peopl...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

PCLS after age 75: Addressing a common misconception

PCLS after age 75: Addressing a common misconception

Pension legislation does not impose an upper age limit on the payment of PCLS

Caitlin Southall
clock 14 August 2026 • 4 min read
The AI ship has sailed and pension providers are still sitting on the shore

The AI ship has sailed and pension providers are still sitting on the shore

'The AI interface has arrived'

Jonathan Lister Parsons
clock 13 August 2026 • 6 min read
CRM integration project highlights AI-powered innovation potential

CRM integration project highlights AI-powered innovation potential

Project reflects a broader shift in adviser technology

Joe Power
clock 04 August 2026 • 3 min read