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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

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