- Monday, 7 September 2009The number of UK retirees entering into an
individual voluntary agreement (IVA) could increase as a result of ignorance surrounding available benefits.
Research from Just Retirement Solutions (JRS) has found that 24 per cent on UK pensioners are failing to claim money available to them.
With the UK economy still in recession and pensioner poverty recently reported to be among the worst in Europe, these unclaimed monies are a wasted resource among a demographic in need of all the assistance it can get.
Nigel Barlow, head of research at JRS, said: "The lack of awareness surrounding state benefits is a real concern. Pensioners can considerably bolster their income by getting to grips with their entitlements.
"This would not only provide a welcome relief to those less well off but ensure that pensioners receive what is rightfully due to them."
The UK government is to review the default age of retirement in 2010.
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