Aviva: 27% Of UK Adults Want Crypto In Retirement

27% Of UK Adults Consider Adding Crypto To Pensions

A recent survey by Aviva revealed that nearly 27% of adults in the UK are willing to consider adding cryptocurrency to their retirement plans. This is seen as a signal of growing interest in digital assets, at a time when UK pension funds manage assets worth more than £3.8 trillion.

Main Motivation: Higher Profit Potential

Among those willing to include crypto in their pensions, around 40% said their main motivation was the potential for higher returns compared to traditional investments. Notably, 23% of respondents said they would even consider withdrawing part or all of their pension funds to invest in digital assets.

Younger Generations Lead The Trend

The younger generation, particularly those aged 25–34, are at the forefront of this trend. Nearly 20% admitted to having withdrawn pension savings to invest in crypto, making up the majority of the 8% of total respondents who said they had done so.

Concerns About Security And Regulation

Despite growing acceptance, there are still significant concerns. 41% of respondents cited security issues such as hacking and phishing scams as the biggest risks. Additionally, 37% worried about a lack of regulation and consumer protection, while 30% saw volatility as a major challenge.

Aviva’s Perspective

Michele Golunska – Aviva’s Managing Director for Wealth and Advice – highlighted the clear appeal of crypto but emphasized the enduring value of traditional pension schemes. According to her, such schemes provide crucial benefits, including employer contributions and tax relief, which play an important role in ensuring long-term financial stability.

International Context And Developments In The UK

In the United States, President Donald Trump recently signed an executive order allowing Bitcoin and other cryptocurrencies to be included in 401(k) retirement plans, expanding access to more than $9 trillion in retirement assets. Meanwhile, in the UK, regulators are working on a framework to oversee crypto exchanges and service providers more strictly, similar to traditional financial institutions. However, some banks remain cautious, with 40% of investors reporting that their crypto transactions had been delayed or blocked.

Conclusion

Aviva’s survey reflects a shift in investment thinking among UK citizens, as crypto is increasingly considered a possible option for retirement. However, before digital assets become an official part of pension schemes, legal frameworks and investor protection mechanisms will need to be strengthened to reduce risks and build greater confidence among participants.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.