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Pensions expert warns of Covid impact on retirement savings

Furloughing and changing jobs can hit pension plans - Zurich International

Being furloughed or changing job as a result of coronavirus could have a long-term impact on your financial future.

That's the message from Zurich International's distribution manager, who is urging those who've had a change of circumstances during the pandemic to think about their pensions.

A study by the World Economic Forum shows workers face an average retirement savings gap of eight to 20 years.

Stephanie Hatton says being out of work during lockdown will have had an effect:

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