'It could cost me £10k but I need the money now': Why Gen Z are opting out of pensions

AI Summary

More young adults in the UK are opting out of workplace pension schemes as cost-of-living pressures leave them needing access to money now. Some face substantial long-term costs, with one person estimating that leaving a pension could cost £10,000.

A growing number of people are opting out of these schemes due to cost-of-living pressures.