The cost of living crisis is forcing millions of people to tighten their spending habits and make cutbacks to keep ahead of record-high inflation and soaring energy bills. The current climate can make it difficult to think about your long-term finances or even contemplate saving for the future.
Jenny Holt, Managing Director for Customer Savings and Investments at Standard Life said: “Most people are feeling the pressure on their finances at the moment due to the backdrop of rising inflation and the cost of living soaring. However, even in the current climate there are ways to maximise the value of any pension savings you do have.”
Ms Holt explained that by side-stepping seven common mistakes, you could take your pension planning to another level and reduce the risk of falling short of money later.
