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

Martin Richmond
Author spotlight

Martin Richmond

Senior Correspondent at Professional Pensions

More on Industry

AI will be part of solution to close member engagement gap, industry says

AI will be part of solution to close member engagement gap, industry says

SPP survey finds industry mostly believes AI will be part of the solution

Holly Roach
clock 29 May 2026 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Aon CDC paper, BPA transactions, PPI DB report and LGPS analysis by Pensions UK

Professional Pensions
clock 29 May 2026 • 1 min read
AI, advice and accountability: How trustees can protect members in a digital age

AI, advice and accountability: How trustees can protect members in a digital age

Girish Menezes looks at the rise of AI in member decision making

Girish Menezes
clock 28 May 2026 • 4 min read
Trustpilot