- Allianz's survey of more than 8,000 respondents across Austria, France, Germany, Italy, Poland, Spain, the UK and the US explores public attitudes towards social security reform, pension sustainability and retirement preparedness. Recognition of the need for reform is overwhelming, exceeding 80% in most countries. Yet confidence in governments' ability to implement the reforms needed to ensure long-term sustainability is much weaker.
- Recognition of the need for reform increases with age, but trust that governments will successfully implement the necessary reforms declines.
- Responsibility for retirement is increasingly shifting onto individuals, yet many lack the knowledge to prepare for it – only half of respondents expect the public pension system to provide the majority of their retirement income.
- More funded pension provision – as envisaged in Germany – would be a win win for households and the wider economy.
Download Allianz's Pension Reform Survey 2026 to read the full findings.