Workers are leaving pension schemes or cutting their contributions, trade unions say, as the cost of living crisis prompts desperate measures that will reduce their retirement funds.
The warning comes as UK inflation is predicted to hit 18.6 per cent, the highest rate among larger western economies, and as real wages fall at the fastest rate for at least two decades.
The Trades Union Congress, the UK’s main movement for organised labour, said a growing number of its members in both the private and public sectors were leaving their pension schemes.
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