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Birmingham Post

Business

Jon Robinson

'It's concerning but perhaps not surprising': Aon flags risks to retirement income after one in five reduce pension contributions

Global professional services giant Aon has warned of a "significant" hit to people's retirement income after it was revealed one in five people have reduced or ceasing their pension contributions.

The new figures form part of the company's DC Today, a new pulse survey tracking UK defined contribution (DC) schemes.

It will record at bi-monthly intervals how DC schemes and their members are reacting to economic pressures. The first edition represents responses from 132 DC pension schemes in the UK.

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