UK. Rush to cash-in small pensions will leave thousands below ‘acceptable’ retirement income, warns Just Group

Cashing in small pension pots early to rely on State benefits in retirement could leave many thousands of people struggling to achieve an acceptable income in later life, suggests new analysis by Just Group. The warning comes following the publication of Minimum Income Standards (MIS) by the Joseph Rowntree Foundation (JRF) reflecting the public’s views on how much weekly income is needed to achieve a minimum acceptable standard of living in the UK today. The JRF’s 2018 report suggest the MIS...