# Global trends in retirement planning and self-determination

> Developing situation record from CLSTR: https://clstr.news/situations/global-trends-in-retirement-planning-and-self-determination
> Updated: 2026-11-05T08:16:48.000Z. Sources: 2. Developments: 2.

Recent studies highlight a global shift toward increased individual responsibility in retirement planning. A Swiss Re Sigma study indicates that individuals in countries such as the United States, United Kingdom, and Australia are increasingly making complex financial decisions regarding wealth transfer, long-term care, and pension capital management. In the United States, for example, more than half of retirees chose to manage their pension capital in 2018, a significant increase from 10 percent in 2000. The study also identifies a potential “advice gap” in Switzerland as more people opt for lump-sum benefits without sufficient guidance.

In Germany, research from Swiss Life Deutschland shows a decline in perceived self-determination. The eighth annual Self-Determination Barometer reports that only 52 percent of respondents feel generally self-determined, a record low. Financial retirement planning was identified as a major area of deficit, with only 35 percent of respondents feeling self-determined in that area. Obstacles to financial independence in Germany include inflation, insufficient income, and rising costs for rent, energy, and healthcare.

## Timeline

### 2026-11-05: Swiss Life study shows record low self-determination in Germany

A Swiss Life study reports that self-determination in Germany has hit a record low, with only 35 percent of people feeling confident about their financial retirement planning.

2 sources. https://clstr.news/cluster/swiss-life-study-shows-record-low-self-determination-in-germany

### 2026-10-07: Swiss Re study highlights shift toward individual responsibility in retirement planning

A Swiss Re study reveals a global trend toward individual responsibility in retirement planning, noting a growing need for financial advice as more people manage their own pension capital.

2 sources. https://clstr.news/cluster/swiss-re-study-highlights-shift-toward-individual-responsibility-in-retirement-planning

---
Cite as: Global trends in retirement planning and self-determination. CLSTR, https://clstr.news/situations/global-trends-in-retirement-planning-and-self-determination