Making Saving Easy

1. 65 percent say that lack of money to invest is an obstacle to saving for retirement

2. A pay rise would encourage 41 percent to save for retirement

3. Easy-to-use access to tracking and managing retirement savings would encourage 39 percent to save

4. 37 percent would do so if they received a better retirement plan match from their employer

5. Auto-enrolment being offered by an employer is regarded as a reasonable way of saving for retirement

6. 61 percent would either prefer to receive a regular income (such as an annuity payment) or receive a mix of a lump sum and a regular payment).

 A Flexible Transition

1. 58 percent expect some sort of transition, either by changing the way they work (e.g. working part-time or on temporary contracts) before eventually giving up paid work (35 percent), or by changing work and continuing in some capacity throughout retirement (23 percent)

2. 32 percent of Indian workers claim their employer offers work, more suitable for older workers (e.g. less stressful or physically demanding work), and 31% are offered the option to move from full-time to part-time working.  The same proportion of workers claim they are offered flexible retirement plans which allow working beyond the usual retirement age.

3. 34 percent are offered financial advice (compared with 13 percent globally) and 32 percent are offered employer provided healthcare in retirement (16 percent globally).

4. 54 percent of Indian workers believe their employer provides them with enough information and support to help with retirement planning.

5. 46 percent believe that there has been no difference in the provision of information and support.