Pension contribution cull 'worsening' pensioner poverty

A survey by Prudential found the decision by 16% of the UK workforce to halt pension contributions could lead to a rise in pensioner poverty as more people plan to rely on the State. The online survey, conducted between 23 and 30 April, asked 1,002 Britons in the standard final decade of their working life whether they had changed the focus of their pension over the past five years. It found the number of people who expect to rely wholly or in part on state pensions is set to rise to 27% over the next decade, compared to 22% of those retiring this year. Another Prudential survey of...