For the report, Pensions Through the Ages: The Millennial Mosaic, Royal London conducted research among 1,500 millennials (aged 25 - 34) to understand the key influences on millennials' future long-term pension savings.
The research identifies some of the lifestyles, life stages and issues millennials face and the impact of government pension policy on their engagement with pension planning.
This research shows that millennials are a diverse group of people with different experiences and priorities, who don't all face the same challenges.
We must consider how factors such as the lack of affordable housing and student debt impact millennials' ability to save for a comfortable retirement.
Steve Webb Director of Policy, Royal London
Engaging millennials: Top 5 tips
Our latest research looks to understand the key influences on millennials' future long-term pension savings. Here are our top five takeaways to consider when developing a strategy for advising them.