- Look at expanding your approach to flexibility - consider phased retirement and other strategies for flexible working for more tenured workers.
- Strengthen financial wellness of your workforce - consider financial education guidelines such as the Fidelity Global Retirement Savings Guidelines.
- Bolster retirement readiness - engage in conversations about retirement readiness with employees of all age groups–not just more mature workers.
Determining current retirement timelines and changes to planned retirement ages and understanding employees’ approach to financial planning and advice.
Retirement readiness remains a global financial goal
The majority (95%) of workers surveyed across the globe state that being financially comfortable in retirement is a long-term goal.
Low confidence in achieving financial comfort in retirement
Despite being ranked highly as a goal, confidence in achieving this goal has dropped to 62% compared to 67% in 2021. This issue seems particularly pressing for respondents identifying as female with only 59% feeling confident compared to 66% of those identifying as male.
Retirement age horizons increase
22% of individuals aged over 50 are now planning to retire later than expected. Of workers who said they plan to retire later than expected 44% say this is because they haven't saved enough for retirement.
Find out more
Download our retirement insights PDF below to find out more.
Source: The Fidelity Global Sentiment Survey 2022.
Actions for Employers to consider
More retirement insights
Interested in exploring more? Download our infographics below for a deeper dive into the survey's retirement findings.
2022 retirement insights
Want to find out more about the 2022 retirement findings? Read this year’s full insights by downloading our PDF below.Download the 2022 findings PDF
More key findings
Understanding employees’ needs from their employer regarding benefits and financial wellness and understanding take up of, and changes to, equity plans.
Understanding the emotional intensity experienced by people in the previous months and evaluating people’s well-being across finances, health, work and life.
Assessing financial and investing confidence, as well as current financial habits related to spending, saving and debt.
Read more Global Thought Leadership Work
Enjoyed these findings and want to read more? Take a look at last year’s findings or read about our 2022 Global Employer Survey.Global Employer Survey 2021 retirement findings
The data collection, research and analysis for the above markets in regard to global employees was completed in partnership with Opinium, a strategic insight agency. Data collection took place between August 2022 and September 2022.
This information is designed for scheme sponsors’, trustees’, their advisers’ and consultants’ use only and should not be relied upon by individual investors.
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