The think tank found that this group was less likely to receive a pension income than those who quit their jobs in the previous year, with nearly half of them having a private or public pension, compared with 43% of those who newly quit their jobs in 2019. He added that he had no access to any of his pensions. 20.
The IFS warned that “elderly people who quit their jobs are often unable to re-enter the workforce.”
Xiaowei Xu, senior research economist at IFS, said: “Some of this group may be comfortable returning to work given the right opportunity, and there are signs that they are already doing so. ‘ said. Successful policies to support older workers, such as ‘middle age MOT’, will be critical if the government wants to get this group back into the workplace. ”
In response to the report, Phoenix Group CEO Andy Briggs said: It also found that people aged 50 to 64 who retire early for health reasons have only 5% of the wealth of those who chose early retirement. ”
