Many will be concerned about their dwindling funds at the moment with some dipping into their pension pots to get through the cost of living crisis.
However, experts have warned it is vital consumers avoid doing that if they possibly can as it will leave them with reduced retirement savings in future.
Although the FCA’s Financial Lives 2020 survey showed that in February 2020, 70 per cent of non-retirees had a pension in accumulation, take-up has increased particularly among employees aged 25 to 54 as 90 per cent had a pension in accumulation in February 2020, up from 82 per cent in 2017.
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.