Personal pension contribution has dropped by a sharp 10% since 2007, according to the Office for National Statistics.
Price pressures across a number of areas forced UK CPI annual inflation up from 4.2% in June to 4.4% in July.
Increased longevity figures, as highlighted in a recent Department for Work and Pensions report, will dramatically increase pensioner poverty, MGM Advantage predicts.
Pensions reforms linked to sell-off plans, claims Labour; UK needs £20bn more austerity and retirement at 70 says PwC; Public sector pensions shakeup is part of privatisation plot, Labour warns; Pay gap between public and private sectors ‘widen'
Low-earners are heading for poverty in retirement as official statistics reveal a significant drop in occupational scheme membership levels for men and women.
Rising inflation would prove beneficial to FTSE100 pension schemes if it exceeded current level by just 1.4 percentage points, research reveals.
Employer contributions to funded workplace pensions have risen by £16bn in just two years, as employee contributions plummeted by £3.5bn over the same period, figures show.
Scotland's pension schemes could be inflating deficits due to the use of UK-wide life expectancy estimates that are higher than the Scottish average, Pension Insurance Corporation warns.
More than two-thirds of private sector employees are not enrolled in a workplace pension scheme, statistics reveal.