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Monday 14 May 2012

2 in 5 retirees 'would be happy to work on'

Two in five workers who are planning to retire this year would be happy to work past 65 if they were given the chance, it has been claimed.

Prudential's Class of 2012 study, which looks at the finances and expectations of those planning to retire this year, shows that 48 per cent of men and 32 per cent of women would be happy to continue working past the standard retirement age.

According to 68 per cent of respondents, their main motivation for staying in the workplace past 65 is a desire to remain physically healthy and mentally active, while 39 per cent do not like the idea of retiring and just staying at home.

Furthermore, 54 per cent say that they enjoy working, noted Vince Smith-Hughes, retirement expert at Prudential.

He explained that there is a "new retirement reality" taking shape across the UK, with thousands of people actively choosing to work past the traditional retirement age.

"Those retiring at 65 will face an average of nineteen years in retirement which makes the financial and social benefits of working for longer an even bigger draw for a new generation of industrious retirees," Mr Smith-Hughes concluded.

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Posted by John OakADNFCR-1617-ID-801362541-ADNFCR

Source: The Sales Director News

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