Retirement

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.

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.

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.

Presentation of "Employer Responsibility in Disability Insurance: Evidence from the Netherlands" at the Dutch Employee Insurance Agency (UWV).

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.

Figures out today from the ONS show that headline inflation over the year to September was just 0.5%. With earlier figures showing a fall in earnings of 1% this means that under the “triple lock” next April would see the basic state pension and new state pension both increase by 2½%. This would bring the increase in the basic state pension over the last eleven years up to 41%, compared to 25% if it had been indexed in line with inflation or by 22% if it had been indexed in line with earnings.

From tomorrow, for the first time in over a decade, the point at which people can claim a state pension (the “state pension age”) is simple. If you have reached your 66th birthday, you can claim it. Otherwise you cannot. For women, the state pension age (SPA) has risen from 60 in March 2010, reaching 65 two years ago in October 2018. From then on the state pension age rose for both men and women, to reach age 66 tomorrow.

In this briefing note, we use data from the English Longitudinal Study of Ageing (ELSA) Covid-19 study to examine how the work activity of older indiv

Automatic enrolment has been hugely successful, such that over 90% of eligible private sector workers are now members of workplace pension schemes.

The fall in stock markets has reduced the wealth of those who directly hold shares and of those with defined contribution pension pots that are invested in equities.