Recession puts back retirement age for 1.85 million people

Almost a quarter (23%) of over 55s say they will now be forced to work past the statutory retirement age of 65. Craig Fazzini-Jones, director at MGM Advantage, comments, "One of the most worrying consequences of the economic turmoil is the knock-on effect for those approaching retirement. "Millions of people nearing the end of their working life have been forced to slog it out for a few more years to see if their pension pots will make any kind of recovery. For many it is not a choice, but a necessity."   Post-retirement preparations are non-existent for a huge proportion of peo...