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

News Digest: Capita's performance on CSPS 'remains unacceptable', minister says

News Digest: Capita's performance on CSPS 'remains unacceptable', minister says

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 14 September 2026 • 1 min read
Western Pension Solutions becomes part of Collective Pensions

Western Pension Solutions becomes part of Collective Pensions

Collective Pensions is a joint venture between Vestey Holdings and Timpson Group

Jonathan Stapleton
clock 11 September 2026 • 1 min read
Good News Corner: Icelandic edition of Rob Gardner's 'Save Your Acorns' launches

Good News Corner: Icelandic edition of Rob Gardner's 'Save Your Acorns' launches

Iceland continues to boost pensions literacy despite OECD-leading contribution rates

Jonathan Stapleton
clock 11 September 2026 • 2 min read
Trustpilot