The report found that the overall proportion of eligible employees saving into a workplace pension increased to 78% from 55% between the time automatic enrollment was introduced in October 2012, and April of 2016.
The €26.6bn ING Pensioenfonds said it lost 0.6% on investments during the second quarter, chiefly due to rising interest rates and the appreciation of the euro relative to the dollar. The closed scheme said that its 75% matching portfolio lost 0.8%
In fact, the only country to place greater reliance on workplace savings for retirement is the Netherlands, with people there expecting 38% of their total pension income to come from employer schemes.
The research carried out in countries spanning Europe, the Americas, Asia and Australia, highlights that achieving retirement aspirations requires more than saving, investing and planning, it also depends on staying in good health.