New research from PensionBee, a leader in the consumer retirement market, reveals that UK savers are highly cautious when it comes to their retirement savings, with just 8% willing to invest in high-risk assets.

The findings indicate a strong preference for stability, as nearly half of respondents, at 49%, expressed a preference for a moderate-risk approach. This means they are comfortable with some fluctuations in their investments as long as their pension continues to grow over time.

Meanwhile, 26% of savers favoured a low-risk strategy, preferring to avoid market volatility where possible, and a further 17% took an even more cautious stance, wanting no risk at all, even if it meant their pension savings would see minimal growth.

The survey of 1,000 UK adults highlights the increasing demand for transparency in pension investments, with an overwhelming 84% of respondents stating that it was either very important or somewhat important to them to have full visibility over where their pension was invested.