One in three workers has thought about reducing or stopping their pension contributions in the last two years as the cost of living crisis has hit hard, according to Royal London.

Up to 2.9m people saving into pensions are considering cutting contributions this year as the cost-of-living squeeze continues to put pressure on budgets, according to new research.

Despite the cost of living crisis, only a minority of consumers are prepared to reduce their pension contributions, according to a study.

Two thirds of British adults are in favour of mandatory pension contributions, according to new research.