Back-to-work scheme risks over-55's pension pots

Savings of over 180,000 households at risk due to MPAA increase

Martin Richmond
clock • 1 min read
Back-to-work scheme risks over-55's pension pots

The government’s scheme to encourage older and more experienced workers to return to the workforce could have an adverse impact on the pension savings of over 180,000 financially vulnerable households, according to market research firm Outra.

The company's data revealed 182,558 households aged between 55 and 64, with a maximum household income of £150,000, were in a financially vulnerable position and were likely to be withdrawing from ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Pensions UK and ABI launch 2026 Pension Attention campaign

Pensions UK and ABI launch 2026 Pension Attention campaign

The campaign uses guidance and a video to urge people to ‘grow your pension’

Holly Roach
clock 04 September 2026 • 1 min read
Good News Corner: Quantum announces winner of 2026 maths prize

Good News Corner: Quantum announces winner of 2026 maths prize

Ciara Moody won the accolade for her work exploring the concept of affine spaces

Jonathan Stapleton
clock 04 September 2026 • 2 min read
People Moves: Week ending Friday 4 September 2026

People Moves: Week ending Friday 4 September 2026

PP brings together all the appointments in the pensions industry over the past week

Professional Pensions
clock 04 September 2026 • 9 min read
Trustpilot