Source · Select Committees · Work and Pensions Committee
Recommendation 22
22
It is concerning that people approaching State Pension age may need to draw on their...
Conclusion
It is concerning that people approaching State Pension age may need to draw on their pension savings to bridge the gap before they get their State Pension, rather than those savings being available into old age. There is a worrying lack of data to help understand the decisions those pre-pensioners on the lowest incomes are taking and the impact on their income in retirement. (Conclusion, Paragraph 100)