Cost-of-living 'squeeze' sees 25% of savers forfeit pension contributions

Women bearing biggest financial burden

Eve Maddock-Jones
clock • 3 min read

A significant portion of UK adults are pulling out of their workplace pension to try and cope with the cost-of-living crisis, research from Charles Stanley has found.

The investment management firm recently conducted a survey of 2,086 UK adults last month to assess what were the key concerns for the general population and how they were reacting to these issues. Top of the list was the rising cost of living at 58% and rising inflation was a close second (42%). The third biggest concern for those polled was that they would not be able to save enough for retirement (29%). UK economy rebounds with 0.5% growth in May Given that this was a high point of concern for UK adults it was a surprise that a quarter of those surveyed had already chosen to stop...

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