Downturn forcing retirement delays - Life Trust

The firm says its research shows early retirement is becoming an 'unaffordable luxury' for many due to the faltering economy and rapidly increasing longevity. Life Trust's survey of more than 2,000 British workers found 23% will have to delay their planned retirement as they can no longer afford it. More than one in ten say they will delay their retirement by up to five years, with a further 8% planning to work for an extra two to four years because of the recession. The number rise for those already approaching retirement, with 41% of over 55s claiming they have delayed their retirem...