Older workers saving less for retirement as a result of Covid-19

Jonathan Stapleton
clock • 4 min read

Some 1.7 million workers in their 50s are saving less for retirement due to the pandemic, latest research from Legal & General (L&G) reveals.

The retirement provider has tracked the effects of the pandemic on retirement for the last year and found that in August 2020 hardly any (2%) pre-retirees were actively planning to save less for th...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Government called to protect bereaved families amid CSPS death benefit tax fears

Government called to protect bereaved families amid CSPS death benefit tax fears

CSPS ‘chaos’ could lead to two-year death benefit payment deadline being missed

Jonathan Stapleton
clock 16 October 2026 • 2 min read
PP launches UK Pensions Awards 2027

PP launches UK Pensions Awards 2027

The 2027 accolades mark the 30th anniversary of the awards

Professional Pensions
clock 16 October 2026 • 6 min read
Larger schemes could boost UK GDP by £110bn per year

Larger schemes could boost UK GDP by £110bn per year

Report says larger scheme advantages ‘depend on having the right foundations in place’

Holly Roach
clock 16 October 2026 • 2 min read
Trustpilot