Pandemic early retirees more likely to face poverty, IFS finds

Workforce leavers in 2020-21 more likely to have been 'forced' into early retirement

Jasmine Urquhart
clock • 3 min read
Pandemic early retirees more likely to face poverty, IFS finds

Those aged between 50 and 70 who left the workforce in 2020-21 are more likely to end up in poverty in the year of exit than those in previous years, a report from the Institute for Fiscal Studies (IFS) finds.

The think tank's 2023 Living standards, poverty and inequality in the UK report primarily looked at data from the UK Household Longitudinal Study and the Office for National Statistics' Annual Popu...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Industry

Trust in pensions is 'too low', pensions minister Torsten Bell says

Trust in pensions is 'too low', pensions minister Torsten Bell says

Minister confirmed to conference delegates retirement CDC ‘will happen this year’

Holly Roach
clock 11 March 2026 • 1 min read
L&G expects PRT volumes to hit £50bn in 2026, with increase in large deals

L&G expects PRT volumes to hit £50bn in 2026, with increase in large deals

Insurer’s results reveal £10.4bn of PRT business in 2025 and growth in DC

Jonathan Stapleton
clock 11 March 2026 • 2 min read
Aviva launches financial wellbeing tool for pension savers

Aviva launches financial wellbeing tool for pension savers

Tool will provide savers with tailored action plan to boost financial confidence

Martin Richmond
clock 11 March 2026 • 1 min read
Trustpilot