
16% of adults expect to stop working completely at retirement – Aegon
Three in 10 (30%) expect to continue working in some form.

Three in 10 (30%) expect to continue working in some form.

Research from Mylo at Aegon found more than a third (36%) did not know where all their pensions were held.

The app has seen more than 166,000 users register since launch.

The move follows strong engagement since Mylo's launch less than a year ago, with members making more than 50,000 pension consolidation requests.

The deal will create the UK’s largest retirement savings and income business, covering 16 million customers with around £480bn in assets under administration.

Nick Roy, commercial director of workplace at Aegon, said: “We’re pleased with the progress, and this is only the beginning.”

The new video campaign adds to the existing personalised video summary, which shows members a real-time picture of their pension savings.

Younger adults were more likely to postpone, saying preparation isn’t necessary yet and feeling unsure how to begin.

In its response to the FCA consultation CP25/39, Aegon UK said the proposed changes should wait until wider Government pension consolidation work is rolled out.

Aegon’s Money:Mindshift found 54% of workers believe a dream job is realistic and 58% said achieving it was important, but only 12% said they had reached it.
The new interactive experience, developed with Waracle, lets users create a digital postcard showing where they could spend their retirement.
Pension saving was a top-three priority for 12%.
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