UK - The minimum income guarantee has significantly reduced pensioner poverty, according to the Institute of Fiscal Studies.
But it stressed that if all benefits were claimed, around 200,000 fewer pensioners would be in poverty.
Between 2001 and 2002 pensioners in poverty was at the lowest level since the mid-1980s, at 22%.
The IFS said: “Pensioner incomes have generally kept pace with the growth of non-pensioner incomes, partly because of substantial increases in the generosity of means-tested benefits.”
This week's edition of Professional Pensions is out now
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