Evri couriers to be auto-enrolled into pension scheme

“Having seen a drastic drop in my income during the first lockdown, I feel like I’ve been trying to catch up and achieve some form of day-to-day financial stability ever since,” he said.

“During that period of financial stress, my pension was pretty much bottom of my priorities.

“Like a lot of people who saw a drop-off in income during the pandemic, the needs of the present felt much more pressing than those of the future,” he added.

Magee has now spoken to a pensions adviser about consolidating his pension pots, which he described as hard to keep track of as a freelance worker.

“It’s something I’ve been meaning to get done and doing so will hopefully give me some peace of mind,” he said.

“That said, the squeeze from the increased cost of living and prevailing economic outlook for people under 30 make me feel fairly pessimistic about what my pension will look like in 35 or 40 years.”

Alex Janiaud is deputy editor at FTAdviser's sister publication Pensions Expert