Only 17 per cent of respondents mentioned the occupational pension as important to the size of an overall pension, according to a Swedish Pensions Agency (SPA) survey.

The responses, from savers aged between 20 and 65, indicated a lack of awareness of the importance of public and occupational pensions for pension savings.

More than half (57 per cent) of savers said that 'lifetime income' most affected the size of a pension, while 21 per cent said the size was also affected by the age at which one starts to draw their pension.

Meanwhile, almost every third person (27 per cent) said they planned to continue working when they retired, while 39 per cent stated they would work an extra year or two to improve their finances as retirees.

Reflecting a shift in attitude towards working later in life, 69 per cent of respondents said they believed they would receive more in their monthly pension if they worked a year longer.

However, pensions engagement appeared to have improved compared to 2023, as more people knew where to find information about their future pension and how large it was expected to be.

In 2024, more than half (53 per cent) of respondents between the ages of 20 and 65 answered that they knew how to find out how much their future pension might be, an increase of four percentage points from 2023.

In response to a follow-up question, most also answered correctly that it was primarily possible to find out by logging in to minPension.se or pensionsmyndigheten.se.

In addition, 70 per cent of respondents also said they had a "certain or good" idea of how large their future pension was expected to be, an increase of five percentage points compared to 2023.

Indeed, over half (58 per cent) stated that they knew what their overall pension pot would include: public pension, occupational pension, and personal savings for retirement.

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