Effects of recession on retirement savings finally manifest

clock

The long term effects of the economic downturn on pension savings are now manifesting two years since the start of the credit crunch, Scottish Widows says.

In its sixth annual UK Pensions Report, the firm said although saving for retirement had slowly been on the rise in recent years, pensions savings experienced a significant drop since last year and...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

DB surpluses, endgame solutions, TPR innovation service, PP Live

Professional Pensions
clock 23 May 2025 • 1 min read
Majority say regulator should have someone with pensions experience in senior ranks

Majority say regulator should have someone with pensions experience in senior ranks

PP survey finds 93% of respondents say regulator should have pensions experience in high-ranking roles

Martin Richmond
clock 23 May 2025 • 4 min read
News Digest: Denmark raises retirement age to 70; Canada's largest pension plan drops net zero target

News Digest: Denmark raises retirement age to 70; Canada's largest pension plan drops net zero target

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 23 May 2025 • 1 min read
Trustpilot