Laura Suter: Pension contributions under threat as cost of living crisis grows

Belt tightening

clock • 3 min read
Laura Suter: "While lots will think that they have ages before they plan to retire in which they can make up those missed contributions, we all know that it's the money you pay in during your 20s and 30s that really boosts your pot when you come to retire."
Image:

Laura Suter: "While lots will think that they have ages before they plan to retire in which they can make up those missed contributions, we all know that it's the money you pay in during your 20s and 30s that really boosts your pot when you come to retire."

Laura Suter highlights the long-term ramifications of young people cutting back on long-term savings during the 2022 cost of living crisis

A recent poll from the Bank of England found that nine in 10 people had seen their costs increase over the past month - and my main reaction was wondering what cave the other 10% of people were liv...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Latest pensions dashboard consultation 'missing the point' - Steve Webb

Latest pensions dashboard consultation 'missing the point'

Schemes given 90 days notice

Jenna Brown
clock 28 June 2022 • 4 min read
Joshua Croft: Pension scheme member compensation explained

Joshua Croft: Pension scheme member compensation explained

Compensation complication

Joshua Croft
clock 27 June 2022 • 3 min read
Transfer values continue to fall in May - XPS

Transfer values continue to fall in May - XPS

Lowest since June 2016

clock 27 June 2022 • 2 min read