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

Buzz: Should councils consider LGPS contribution holidays to fund services?

Buzz: Should councils consider LGPS contribution holidays to fund services?

LGPS contribution holidays, DB scheme advisers and member wellbeing

Professional Pensions
clock 23 February 2026 • 1 min read
Aegon launches updated retirement planning tool

Aegon launches updated retirement planning tool

Provider says MyTarget tool embeds Pensions UK’s RLS to help members see if savings trajectory is on track

Martin Richmond
clock 23 February 2026 • 1 min read
WMPF joins PMI development partnership programme

WMPF joins PMI development partnership programme

Organisation joins Barnett Waddingham, Apita and Local Government Association

Holly Roach
clock 23 February 2026 • 1 min read
Trustpilot