Article preview: With the economic impact of the Covid-19 pandemic starting to bite, one impact is the cancellation of future savings. New research from insurer Royal London has found that two in five millennials have either stopped or reduced their pension contributions due to the pandemic. The research found that 12% of 18 to 34-year-olds have stopped their pension contributions, and 28% have reduced the amount they are saving for the future.
Stopping pension contributions, for now
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This 335-word blog post looks at new research from Royal London which found that two in five millennials have either stopped or reduced their pension contributions due to the pandemic. The research also indicates that pension contributions are likely to resume shortly. Written on 18th August 2020.
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