28 June 2023

Protecting pensions in times of crisis

Technical Supplement June 2023

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The impact of rising costs on pension savings.

As financial pressure on household incomes continue, it is more important than ever that people are engaged with their finances, and this includes their pensions. Given recent concerns that cost of living worries may be impacting pension savings, WEALTH at work conducted research* with employees into what’s happening in reality.


It found that whilst a minority are taking action now and either reducing or stopping pension contributions, many more admit they may consider doing so in the future. This will be of particular concern especially when lower fixed rate mortgage deals come to an end and if inflation doesn’t come down as quickly as initially thought.

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Last update: 16 July 2025

Senior Pensions Actuary / Scheme Actuary

Salary: £50000 - £150000 pa

Location: Remote

Pensions Data Services Consultant

Salary: £60000 pa

Location: Hybrid working - 2 days per week in the London or Hampshire office

Pensions Data Services Analyst

Salary: £35000 pa

Location: Hybrid working - 2 days per week in the London or Hampshire office

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