Pension saving falls down priority list for many

LCP survey finds most employers have seen staff requests to stop or reduce contributions

Jasmine Urquhart
clock • 1 min read
LCP research finds most employers have seen staff either cut or reduce pension contributions in the last year
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LCP research finds most employers have seen staff either cut or reduce pension contributions in the last year

Pension saving has fallen down the priority list for many employees over the last year, according to a survey by Lane Clark & Peacock (LCP).

The 2023 Financial Wellbeing report, which surveyed 500 employers and 10,000 employees, found that half (51%) of employers said employees had requested to reduce pension contributions in the last y...

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