Pension contributions go on the backburner

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Uploaded by on Jul 29, 2009

Pension contributions are slipping down the list of priorities for British people, with sixteen per cent freezing or reducing their payments over the last five years.

Financial pressures have seen pension contributions cut but Prudential is warning people that this will come back to haunt them in later life.

The company's director of defined contribution solutions Martyn Bogira said those who have worked all their life and saved for retirement must continue to make payments.

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