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Listen to the full episode now – 2026 Retirement Report – Part 2: Retirement Income Decisions
31% of UK adults are currently at risk of failing to cover their basic needs in retirement. That’s equivalent to 12.2 million people.*
As government, regulators and providers grapple with the challenge of turning pension pots into sustainable retirement income, questions around support, engagement and retirement decision-making have never been more important.
In this episode, Robert Cochran is joined by Pete Glancy, Head of Pensions Policy at Scottish Widows, to discuss the findings from Part Two of the Scottish Widows Retirement Report 2026.
Together, they explore the growing gap between retirement expectations and reality, why many people continue to approach retirement with limited knowledge of their income options, and what this means for advisers, providers and policymakers. The discussion also examines the increasingly complex retirement landscape, the role of guidance and targeted support, and the ongoing debate around what the future “default retirement” could look like. Around 40% of pre-retirees have little or no knowledge of the options available to them at retirement, highlighting the scale of the challenge facing the industry.*
Pete also explores the reforms, innovations and industry initiatives that could help more people make confident, informed decisions as they move from pension saving to pension income.
Read the full Retirement Report: here
Read the latest news, expertise and thought leadership from Scottish Widows’ workplace pensions experts – here.
To read more articles from Scottish Widows, visit our content hub on Corporate Adviser.
