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. In these circumstances, it can be difficult to think about your long-term finances or even contemplate saving for the future. However, even in the current climate there are ways to maximise the value of any pension savings you do have. By sidestepping seven common mistakes, you could take your pension planning to another level and reduce the risk of falling short of money later.
Standard Life, part of Phoenix Group, shares pension mistakes to avoid when you’re aiming to build your pot.