Just a third (33%) of UK adults have spoken to their families about pensions in the past year, according to Standard Life’s Retirement Voice 2025 research.
The figure is lower than those who regularly discuss household bills (48%) or inflation (41%).
Standard Life’s research showed a significant generational difference when it comes to pension conversations. Almost half (47%) of those aged 55-65 have discussed pensions with family recently, compared to just 18% of 18-24 year olds and 29% of those aged 35-44.
The research also found widespread reticence to discuss financial matters. One in three (30%) said they feel uncomfortable talking about money with family members, with this most common among those aged 18-24 (37%).
Mike Ambery, retirement savings director at Standard Life, said: “Many families will soon be coming together to spend some quality time, perhaps catching up on how the year has gone, any holiday plans, or family life in general. Money, however, can feel like one of the hardest subjects to bring up, but keeping your financial life to yourself can make future decisions much more difficult.
“Talking about your long-term finances – as well as shorter-term priorities – can have both emotional and practical benefits. It can help you feel more in control, reduce stress, and build confidence in your financial future.
“Even small, informal conversations can spark positive action – like checking your pension balance, setting savings goals, or tracking down old pots. Starting early means you’re more likely to stay on track and avoid surprises later on.”
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