Pension saving falls down priority list for many

LCP survey finds most employers have seen staff requests to stop or reduce contributions

Jasmine Urquhart
clock • 1 min read
LCP research finds most employers have seen staff either cut or reduce pension contributions in the last year
Image:

LCP research finds most employers have seen staff either cut or reduce pension contributions in the last year

Pension saving has fallen down the priority list for many employees over the last year, according to a survey by Lane Clark & Peacock (LCP).

The 2023 Financial Wellbeing report, which surveyed 500 employers and 10,000 employees, found that half (51%) of employers said employees had requested to reduce pension contributions in the last y...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Multi-scheme buy-in deal, Aga Rangemaster appoints Schroders for FM brief, WTW research

Professional Pensions
clock 21 March 2025 • 1 min read
Pension organisations ranked by their Trustpilot scores

Pension organisations ranked by their Trustpilot scores

PP looks at the Trustpilot ratings of several UK pension organisations

Holly Roach
clock 21 March 2025 • 5 min read
Fragmentation and alignment issues 'undermining' asset stewardship

Fragmentation and alignment issues 'undermining' asset stewardship

Pensions for Purpose reports ‘inconsistencies’ in engagement and voting strategies

Holly Roach
clock 21 March 2025 • 1 min read
Trustpilot