Quarter of savers forfeiting contributions due to cost of living

'Alarming' figure as inflation continues to rise in the UK

Eve Maddock-Jones
clock • 1 min read
Quarter of savers forfeiting contributions due to cost of living

A significant portion of savers are pulling out of their workplace pension to try and cope with the cost of living crisis, research from Charles Stanley shows.

The investment management firm conducted a survey of 2,086 adults last month to assess what were the key concerns for the general population and how they were reacting to these issues. Top of 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

Good News Corner: Rothesay Foundation makes £1m donation to Clarion Futures

Good News Corner: Rothesay Foundation makes £1m donation to Clarion Futures

Donation will support a minimum of 55 wellbeing spaces for the next two years

Jonathan Stapleton
clock 06 March 2026 • 3 min read
Royal London BPA business secures £1.3bn of premiums in first full year of trading

Royal London BPA business secures £1.3bn of premiums in first full year of trading

Firm’s annual results show workplace pension membership has reached 2.2 million savers

Holly Roach
clock 06 March 2026 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Spring Statement, TPR DB report, and QinetiQ scheme appoints Insight as fiduciary manager

Professional Pensions
clock 06 March 2026 • 1 min read
Trustpilot