Rowena Crawford

In this report, we shed light on this question by examining the spending patterns of current retirees in the UK.

We shed light on the issue that ‘deferred’ pensions that people no longer contribute to might provide declining value for money over time if people do not engage with them.

In this report, we provide fresh evidence on the nature of paid work at older ages, how employment patterns differ for people in different circumstances and how the situation is changing over time.

In new research published today, data from the English Longitudinal Study of Ageing COVID-19 Substudy were used to examine the perceptions of people in their late 50s and over, in terms of the effect of the crisis on both their current income and wealth, and on their future retirement incomes.

Increasing attention is being given to the ‘gender pension gap’ – the fact that on average women have lower private pension wealth and lower income in retirement than men.

At this event, researchers shared findings from two new reports, examining when individuals should save for retirement – given factors like earnings growth and children – and how employees save in practice.

In an ongoing programme of research, we aim to examine in detail how pension saving might be expected to change over working life, and how employees and the self-employed behave in practice.

The last decade has seen considerable change to the pensions environment. This event included a keynote talk from the Minister for Pensions and Financial Inclusion, a presentation on a programme of IFS research in this area over the last two years, and an expert panel discussion of the implications of the research.

We find that reductions in social care spending led to substantial increases in use of Accident & Emergency (A&E) departments by individuals aged 65 and above. The impacts were most pronounced among the very oldest (those aged 85 and above) and those living in more deprived neighbourhoods.

People on middle and higher incomes need to save privately for retirement, but deciding when and how much to save is difficult. One particular trade-off people face is how much to save in a pension and how much to save for, or spend on, owner occupied housing. In new research published today we examine interactions between housing and and pension saving at two distinct stages of life.