2025 Pension Survey: Europe’s pension gap persists as new survey shows four in ten still not saving
Europe continues to face a persistent pension savings gap, according to a new Insurance Europe’s Pension Survey, published today.
41% of Europeans are still not contributing to supplementary pension schemes, underscoring the need for targeted policy action, advice, and frameworks that support long-term, secure retirement saving. The results come as the European Commission (EC) reflects on social resilience, financial inclusion, and the next steps under the Savings and Investments Union (SIU), including the review of the Pan-European Personal Pension Product (PEPP) framework.
The fourth edition of the survey, covering 12 700 respondents from 12 markets (Austria, Belgium, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Spain, and Switzerland), confirms that a growing share of people recognise the importance of saving, but financial pressures, information gaps, and behavioural factors are still preventing many from taking action. Women, unemployed people, and non-standard workers remain disproportionately affected. Insurance Europe calls on policymakers to build on these insights, as they advance the SIU and review of the PEPP framework.