With emergency fund being second as the savings goal with approx. 12% of UK residents aiming to save funds for financial security to protect themselves against the uncertainty of the economic situation both now and in the future, saving funds for retirement are the most popular aims for savers. This comes as almost a quarter of savers confirm they are saving towards retirement.
More worrying is perhaps that there are currently almost a quarter of UK residents who are not saving at all due to lack of restraint or current financial positions.