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Monday 28 November 2011

28% of over-50s set to work past retirement age

Some 6.1 million people over the age of 50 expect to work past the current state retirement age, according to a new poll, representing 28 per cent of this demographic.

Figures compiled by LV following a poll of thousands of workers found that one in five over-50s expect to work for at least a decade past the current state retirement age, with affordability cited as the key reason.

A further 11 per cent want to delay taking out their pension in the hope its value will increase over time, while 37 per cent of those planning to work beyond state retirement age would do so because they enjoyed the job.

Ray Chinn, LV head of pensions, said: "The trend of people retiring well into their 60s, or even their 70s, has been increasing slowly over the last few years, and we're likely to see this increase further."

According to a recent global survey from Mercer, older members of staff are less likely to be satisfied with their jobs than younger workers, yet also less likely to leave their current role.

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Posted by Wayne BlyADNFCR-1617-ID-801223406-ADNFCR

Via: Salespeak News

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