Over a third have stopped pension payments

Unemployment and a lack of spare cash are cited as the two main reasons for this trend in the nationwide survey of 1.602 non-retired adults in the UK. Head of business development at Prudential, Vince Smith-Hughes said it was important ‘to get the message across that people need significantly more income than the basic state pension in retirement and what great value pensions actually are.' The results of the nationwide study show that one in three stopped paying into their pension pots, as they were out of work. Meanwhile over a quarter (27%) said that they could simply no longer ...