Older workers saving less for retirement as a result of Covid-19

Jonathan Stapleton
clock • 4 min read

Some 1.7 million workers in their 50s are saving less for retirement due to the pandemic, latest research from Legal & General (L&G) reveals.

The retirement provider has tracked the effects of the pandemic on retirement for the last year and found that in August 2020 hardly any (2%) pre-retirees were actively planning to save less for th...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

PPF levy 'difficult to justify', PLSA says as it calls for cut

PPF levy 'difficult to justify', PLSA says as it calls for cut

PLSA has called on the PPF to cut its £100m levy to zero to reflect DB sector health

Holly Roach
clock 23 October 2024 • 2 min read
PLSA, Railpen and CIPD call for improvement in quality of workplace reporting

PLSA, Railpen and CIPD call for improvement in quality of workplace reporting

Trio urged the need for ‘more consistency and transparency’ in workplace reporting

Holly Roach
clock 23 October 2024 • 2 min read
Aretas Trustees launches in bid to 'de-commoditise' professional trusteeship

Aretas Trustees launches in bid to 'de-commoditise' professional trusteeship

Boutique firm looks to take tailored approach to scheme trusteeship

Jonathan Stapleton
clock 23 October 2024 • 2 min read
Trustpilot