Defined benefit (DB) savers may be accumulating too much in pension savings too soon, taking away from other financial priorities and choices, according to the Institute for Fiscal Studies (IFS).
The government should encourage people to save more into pensions after life stages such as when children leave home and after mortgages and student loans are paid off, the Institute for Fiscal Studies (IFS) says.
One in eight older workers have changed their retirement plans as a result of Covid-19, the Institute for Fiscal Studies says
Thousands of the country’s most financially insecure individuals are remaining in auto-enrolled schemes even if it may not be in their best interests to do so, the Institute for Fiscal Studies (IFS) finds.