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

XPS selected as PMI development partner

XPS selected as PMI development partner

Partnership will help strengthen professional standards and support learner success

Holly Roach
clock 06 November 2026 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Guided retirement consultation, transfer regs consultation response, DWP fiduciary duty draft guidance

Professional Pensions
clock 06 November 2026 • 1 min read
Bank of England hikes rates to 4% in first rise since 2023

Bank of England hikes rates to 4% in first rise since 2023

MPC Committee votes 8-1 to raise interest rates

Michael Nelson
clock 05 November 2026 • 3 min read
Trustpilot