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

Belt tightening

clock • 3 min read

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 living in and how they had been protected from the price rises we're all seeing. The cost of living crisis has been splashed across the headlines. Where once inflation figures were a piece of news confined to the business section, the monthly updates are now front page news, with the ever-rising figure being pored over by journalists and the public. Understandably, lots of people are just tryin...

To continue reading this article...

Join Professional Adviser for free

  • 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

Many savers fear smaller pension pots after salary sacrifice reforms

Many savers fear smaller pension pots after salary sacrifice reforms

Two-thirds think changes will mean paying more National Insurance

Jasmine Urquhart
clock 08 January 2026 • 2 min read
Evolution of pension recommendations and how 2026 may influence change

Evolution of pension recommendations and how 2026 may influence change

Next year could be the start of something big

Richard Hulbert
clock 06 January 2026 • 4 min read
Preparing for 2029: Adapting to the Budget's salary sacrifice cap

Preparing for 2029: Adapting to the Budget's salary sacrifice cap

'While this policy alters the landscape, it arguably represents an adjustment rather than a fundamental reform'

Steve Charlton
clock 22 December 2025 • 3 min read