7% of savers intend to lower pension contributions

Young people most likely to cut back on contributions to help deal with cost of living

Martin Richmond
clock • 2 min read
7% of savers intend to lower pension contributions

Around 7% of savers are planning to reduce their pension contributions to help them with the cost of living crisis, according to a new survey published today (8 July).

The survey, conducted by Barnett Waddingham, revealed that due to the increasing costs of essential supplies such as food, many consumers have the intention to reduce their pension contributions to...

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