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 ...

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