3

Methodology

Methodology

Smart commissioned YouGov to conduct a set of online interviews, using their global panel of over 11 million members across 40 markets. Emails were sent to panellists selected at random from the base sample in the UK, Australia and the USA. The responding sample was weighted to be representative of all adults (aged 18+) in each country.

Emails were sent to panellists selected at random from the base sample in the UK, Australia and the USA – Future of Global Retirement Report 2021 – smart.co

Markets

In examining the USA, UK and Australia, this research uncovers attitudes and opinions towards retirement in three of the world’s largest defined contribution retirement savings markets. As defined contribution plans become the predominant source of retirement saving across the world, attitudes reflected here are likely to be indicative of the broader future of global retirement.

Legislation across the world continues to move towards mandatory workplace saving schemes and automatic enrolment. Viewed through that lens, the attitudes and levels of knowledge in the UK and Australia, and the ramifications of those covered in this report, also offer a useful picture of the future, as legislative change continues towards compulsory savings.

Quantitative research

A total of 6,772 adults in the UK, the USA and Australia took part in the survey. Fieldwork was undertaken in late 2020. The research covered a range of areas, but, specifically, we wanted to understand what views people have around retirement, how they expect to finance their retirement, how they expect to access their money and what support and help they think they will need.