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

FCA non-advised pension transfer plans branded 'anti-consumer'

FCA non-advised pension transfer plans branded 'anti-consumer'

AJ Bell blasts FCA’s plans as ‘worst kind of regulatory intervention’

Jenna Brown
clock 23 February 2026 • 3 min read
Advisers search for more than 100,000 pension transfers via Origo

Advisers search for more than 100,000 pension transfers via Origo

In first year

Isabel Baxter
clock 23 February 2026 • 1 min read
Pension consolidation deserves more respect than it gets

Pension consolidation deserves more respect than it gets

'For me, pension consolidation is a perfect illustration of why financial planning matters'

Andy Zanelli
clock 19 February 2026 • 5 min read