The cost of living crisis is forcing many of us to cut back on important things.
In most cases non-essential expenses such as holidays, takeaways, and nights out are being sacrificed. But for those really feeling the pinch, retirement goals are also taking a hit.
Recent research by Canada Life, the life and pensions provider, found that one in 20 employees have placed their company pension contributions on ice due to rising costs – and others look set to follow suit. A further 6 per cent were considering halting contributions, while an additional 9 per cent might consider doing so in the future.
STM Group plc (LON:STM) is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group was formed as a strategic investment company specifically to build a leading financial services group originally operating in the international corporate and trustee service provider (CTSPs) sector.