Metlife: growing cost of education hitting parents' pension provision

Online research carried out by YouGov in May ascertained that £7.3bn allocated to annual retirement savings had been spent on educational expenditure, with 23pc of adults polled admitting that such costs were affecting their pension savings. The average amount being diverted from pensions into paying for education is around £57 a month, but some people are cutting back on pension saving by as much as £300 a month. MetLife warned that reducing pension contributions will diminish income in retirement. This is particularly damaging when retirement savers have to plan for spending up to 30...