31 March 2024
COST OF LIVING HIT TO PENSIONS CAUSES RETIREMENT PLANNING MISERY
New research by the Pensions Management Institute (PMI) shows that almost half (49%) of working adults have changed their retirement plans because of the Cost-of-Living Crisis. This includes 24% of people who are set to delay their retirement and 23% who have reduced their pension contributions. One in twenty people (5%) admitted to stopping their pension contributions entirely.
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