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

Salary sacrifice protections overturned by House of Commons

Salary sacrifice protections overturned by House of Commons

Commons overturns Lords amendment to increase cap to £5,000 from initial £2,000 proposal

Holly Roach
clock 24 March 2026 • 1 min read
 Rachel Vahey: Advisers and clients still need clarity on NMPA increase

Rachel Vahey: Advisers and clients still need clarity on NMPA increase

'HMRC has had years to clear this up but has sat on its hands'

Rachel Vahey
clock 11 March 2026 • 4 min read
Pension freedoms exposed a longevity problem we still refuse to confront

Pension freedoms exposed a longevity problem we still refuse to confront

'The gap between product complexity and consumer understanding is not narrowing'

Julia Fintz
clock 11 March 2026 • 4 min read