Covid-19 hits older workers' retirement saving plans

Pandemic hits pension pots

Jonathan Stapleton
clock • 4 min read
Older workers saving less for retirement due to Covid-19
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Older workers saving less for retirement due to Covid-19

Some 1.7 million workers in their 50s are saving less for retirement due to the pandemic, latest research from Legal & General (L&G) reveals.

The retirement provider has tracked the effects of the pandemic on retirement for the last year and found that in August 2020 hardly any (2%) pre-retirees were actively planning to save less for their...

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