Heidi Karjalainen
@heidikarj.bsky.social
54 followers 100 following 3 posts
Economist at the IFS
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heidikarj.bsky.social
The OBR's Fiscal Risks and Sustainability report is out today with a chapter on the UK's pension system.

This is important and timely, setting out key challenges for the future. For proposals on how to address them you should check out our Pensions Review report from last week, thread below 👇
Reposted by Heidi Karjalainen
david-sturrock.bsky.social
NEW:The government continues to increase the state pension age. Next year it’ll start going up from 66 to 67.

Some people choose to - or need to - work longer as a result. Does it run down their health? Or can work keep you young?

We investigated for women whose pension age rose in the 2010s… 1/
Reposted by Heidi Karjalainen
laurenceobrien.bsky.social
Today the government announced more detail on how they plan to tackle the large number of small pots in the UK pension system.

The reforms are due to be announced in the upcoming Pension Schemes bill this spring.

A few thoughts on why this matters and what was announced. 👇
heidikarj.bsky.social
State pension age starts rising again in April 2026. Most people in their early 60s know their state pension age, but a significant minority are incorrect or unaware.

This is worrying as people may base retirement and saving decisions on incorrect information. Short thread👇
theifs.bsky.social
NEW: One-in-six of those with a state pension age between 66 and 67 – around 130,000 people – either underestimate or do not know when they’ll be able to claim their state pension.

@heidikarj.bsky.social's new Pensions Review briefing looks at people's state pension age awareness: [THREAD]
Chart shows knowledge of their state pension age, for people born between 1955 and 1965. Title states: "The state pension age (SPA) will start rising in April 2026 – but many of those affected are unaware of their SPA."
Reposted by Heidi Karjalainen
beeboileau.bsky.social
We’ve written two new reports on the decisions people face when drawing on private pension wealth in retirement & policy reforms that might help improve these decisions. Important to get this right as defined contribution pensions get more important & can now be accessed flexibly. Thread below:
theifs.bsky.social
NEW: Reforms are needed to help people make good use of their pension wealth throughout their retirement and avoid exhausting their wealth too early.

New Pensions Review reports funded by @financialfairness.bsky.social look at the rising numbers making complex, risky decisions in retirement:🧵