LNB News 15/10/2024
Document Information
Issue Date: 15 October 2024
Published Date: 15 October 2024
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
A recent survey published by the Pension and Lifetime Savings Association (PLSA) illustrates that the UK's cost of living crisis is easing for some, with the percentage of savers feeling worse off dropping from 44% to 34%. Despite 41% of households making cutbacks, many are reluctant to reduce pension contributions. Findings released before the PLSA's Annual Conference reveal the difficult choices individuals face amid ongoing concerns about pension adequacy and retirement security.
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