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Schroders survey shows only 30% of UK investors say pension reforms will affect retirement

Schroders survey shows only 30% of UK investors say pension reforms will affect retirement. 


02 June 2015 – A Schroders survey of 1,000 UK investors, revealed that just under a third (30%) of people believe the recent pension reforms will affect their plans for retirement income. The respondents were then asked what they are considering doing with their planned retirement income as a result of the upcoming pension reforms. The results were wide ranging:

Of the people that said pension reforms will affect retirement, a significant proportion (45%) said they are likely to consider taking some money as cash and putting the balance in an investment fund. A third plan to invest in an income fund and 23% said they are looking to keep the money in cash. 29% are planning to put the money towards a luxury purchase, such as a dream holiday, and 28% said they would use the money to pay off their or their family’s debtsi .

The remaining 70% who did not think the reforms will affect their retirement income planning gave varied reasons for this. 20% said this was due to worrying about taxation issues, 31% said it was down to not knowing what decisions to make and not fully understanding the changes. 11% admitted they didn’t have a pension.

Robin Stoakley, Managing Director UK Intermediary, Schroders said:

“Surprisingly only 30% believe the new UK pension reforms will have an effect on their retirement planning. This seems to be due to wide-ranging confusion about the tax implications and the choices available to them. The investment possibilities for pre and post retirement are extensive and it’s important for people to understand what it means for them. Good financial planning and advice will help with this.”

The survey forms part of the Schroders Global Investment Trends Survey 2015, which surveyed over 20,000 retail investors in 28 countries. Explore the global findings of the survey at

Schroders has this month launched its new Income IQ campaign which offers tools for investors to assess their risk profile and get ideas for suitable investment strategies. Please visit for more information.

iRespondents could give more than one answer

For further information, please contact:

Estelle Bibby Tel: +44 (0)20 7658 3431/

Notes to Editors

For media only. To view the latest press releases from Schroders visit:

Schroders commissioned Research Plus Ltd to conduct an independent survey of 20,706 investors in 28 countries around the world who intend to invest at least €10,000 (or the equivalent) during the next 12 months. The survey was conducted online between 3rd - 27th March 2015 and these individuals represent the views of investors in each country involved in the survey.

This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The material is not intended to provide, and should not be relied on for accounting, legal or tax advice, or investment recommendations. The opinions stated in this presentation include some forecasted views. We believe that we are basing our expectations and beliefs on reasonable assumptions within the bounds of what we currently know. However, there is no guarantee that any forecast or opinions will be realized.

Schroders plc

Schroders is a global asset management company with £319.5 billion (EUR441.6 billion/$474.3 billion) under management as at 31 March 2015. Our clients are major financial institutions including pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors.

With one of the largest networks of offices of any dedicated asset management company, we operate from 37 offices in 27 countries across Europe, the Americas, Asia and the Middle East. Schroders has developed under stable ownership for over 200 years and long-term thinking governs our approach to investing, building client relationships and growing our business.

Further information about Schroders can be found at Issued by Schroder Investment Management Ltd, which is authorised and regulated by the Financial Conduct Authority.

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