Skip to content

Retirement age 'too soon for many'

Around a fifth of people in their 50s have revealed that they still expect to be working 10 years after the current retirement age, a study has shown.

Opinium Research found that working into old age will have to become the reality for many as they look to secure a comfortable retirement.

Results showed that more than 25 per cent are planning to work beyond the current retirement age, with the majority of men expecting to leave work at 71 and most women predicting retirement at 66.

The main reason cited for this trend is not being able to afford retirement, which is something the researchers believe will continue due to future pension age rises.

Out of the over-50s questioned, 20 per cent had retired and been forced to go back to work.

For many this switch was caused by either feeling too young to leave employment behind or missing the workplace.

Copyright © Press Association 2011

Find Your Financial Consultant

Financial Consultant Form

More information about FCs

'WESLEYAN’ is a trading name of the Wesleyan Group of companies.

Wesleyan Assurance Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Advice about investments, insurance and mortgages is provided by Wesleyan Financial Services Ltd. which is authorised and regulated by the Financial Conduct Authority. Personal Loans and savings accounts are provided by Wesleyan Bank Ltd which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Wesleyan Bank Ltd subscribes to the Lending Code which is monitored and enforced by the Lending Standards Board. Wesleyan Unit Trust Managers Ltd. is authorised and regulated by the Financial Conduct Authority.

Click for more information about the Wesleyan group of companies.

© 2015 Wesleyan Assurance Society