With UK workers living and working longer, we are beginning to see many looking for a new type of retirement, says Andrew Secker.
Andrew Secker: Embracing the new retirement
Tags: retirement
Gender, education and class impacts on retirement and quality of life in older age
Researchers from the University of Birmingham have found that raising your level of education and skills during your working life are key factors in determining your quality of life in retirement and older age.
Millennials on course to enjoy similar retirement living standards to pensioners today, says report
Millennials are on course to defy widespread pessimism about their retirement prospects and enjoy similar levels of retirement living standards to pensioners today, according to a new report published by the Resolution Foundation.
Alice Evans: Employees are retiring later and working longer
One out of every five UK pension scheme members expect to work into their 70s, according to research by Willis Towers Watson, with working later perceived as the main solution to inadequate retirement savings for those over 50.
Rock bottom interest rates pushing millions to work into old age
Almost one in four UK workers say they expect to work past the age of 65 as a result of low interest rates, according to research by Canada Life Group Insurance. This is equivalent to 7.2 million UK employees[1], with poor returns on savings taking its toll on the nation’s retirement plans. Overall, 23 percent…
One-in-five Brits expect to retire after their 70th birthday
Over one-in-five people in the UK believe they will now need to wait at least until their 70s before they retire, including a small minority who do not believe they will ever be able to retire, according to a major new study of UK employees by Willis Towers Watson.
State pension age predicted to rise much faster than expected
It has long been thought that as UK population rises and the age expectancy of that population also increases that the state pension will have to be altered in response. It has now been claimed by the Labour Party and supporting economic experts, that working people may have to wait until there 70s to retire.
More and more fear they cannot afford the retired lifestyle
Many of those who plan to retire today have already surpassed pensionable age and opted to pass over retirement for a number of years. A study, released by the Prudential, found that many simply cannot afford to give up the office.
UK maternity services face crisis as midwives retire without replacements
The average age of maternity staff is increasing. Last year was the first year on record that there were more than 1,000 midwives over the age of 60 working across the UK. With many due for retirement, alarm bells are starting to ring over how the NHS service will continue with such a collapse in numbers of experienced staff.
Fiona Matthews: The death of pensions – should we be focusing more on long-term savings?
When people start saving into a pension they essentially obtain a pay rise. Not only will the Government top up a pension pot by providing tax relief but employers will often have to contribute as well.
Anxious employers fret over retirement planning
Employer concern is growing about the number of older workers who are planning to delay retirement due to sparse pension pots. A survey conducted by the professional services firm, Towers Watson, also uncovered employer concern about whether enough is being done to prepare an aging workforce for retirement.
Queen leads the way as new figures show more Brits working beyond retirement
Elizabeth II has last week become the longest reigning British monarch taking the ‘crown’ from her great, great grandmother, Queen Victoria. Despite the historic occasion it was business as usual for the Queen on Wednesday as she visited Tweedbank in Scotland to formally open the £294m Scottish Borders Railway. At the age of 89, the Queen…
Hidden in plain sight: BITC report highlights ‘missing million’ in UK labour market
According to figures released by the Office for National Statistics (ONS) and a three part report published by Business in the Community (BITC), just over a million people aged 50 or over have been pushed out of work involuntarily.
Millennials have a more holistic approach to retirement planning
Workers want more education on retirement issues, with topics varying depending on a person’s age, according to a new survey from Partnership, a specialist provider of financial solutions for people with health and lifestyle conditions.
Retirees have misunderstandings around ‘secure’ retirement options
Today’s retirees are set on investments and savings as a viable retirement options but hold some misconceptions over what is exactly ‘secure’.