There is a “notable shift” in attitudes towards pensions, says Pensions UK, with a greater focus on increasing contributions.
While cutting costs and building everyday savings remain the leading priorities for people in 2026, the pensions body said its latest data had shown a change in how people plan to approach their retirement savings.
According to its research, reviewing and reducing monthly spending remains the most common goal for people this year, rising to 31% from 26% last year. Building up rainy day savings has also grown in importance, with 28% planning to do so compared to 21% in 2025.
Saving for specific goals such as a house deposit, holiday or education also remains a priority for 26% of people, while one in five (20%) said paying off debt is their leading priority for 2026.
And while around one in 10 (12%) plan to review their pension plan and retirement goals, Pensions UK said the real change comes when people consider what they would do if they undertook a pension review.
Almost a third (30%) say they would increase their contributions, up 9% since 2025, marking the biggest year-on-year shift in pension behaviour.
Among those with defined contribution pensions, this rises to 34% and among younger savers aged 34 and under, two in five (40%) said they would boost contributions.
Other actions people say they would take include checking how much they have in their pension (23%), reviewing projected retirement income (16%) and updating beneficiaries (10%).
A similar number (8%) said they would combine pensions into one plan, while 9% would consult a financial adviser and 6% would change investment options.
Around a fifth (21%) say they are happy with their current plan, however 18% admit they do not know what steps to take.
Matthew Blakstad, deputy director of strategic policy and research at Pensions UK, said: “While everyday needs often take priority, it is encouraging to see people increasingly willing to take action on pensions. However, experience shows that our best-laid plans for our pensions don’t always translate into action.
“Whether it’s a small increase in contributions, or just checking your projected income, simple steps today can make a real difference over time. Balancing immediate responsibilities with long-term planning is never easy but pensions remain a cornerstone of financial security.”
