'Entrepreneurial' OAPs to work beyond 70

clock

A new generation of 'Wearies' - Working, Entrepreneurial and Active Retirees - is likely as a result of inadequate retirement incomes, says Friends Life.

The research, conducted by Future Foundation for the insurer, identified this group as working in a self-employed capacity into their 70s and beyond. Martin Palmer, head of corporate benefits marketing for Friends Life, said: 'We're expecting the traditional image of the pensioner with slippers and rocking chair to change completely." The research found half (51%) of current retirees are prepared to do part-time work to boost their pensions while 75% of those yet to retire expect the same outcome. Those currently working would sell unneeded possessions online (59%), run a small bus...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Income

Record-breaking year for annuities as larger pots drive £7.4bn sales

Record-breaking year for annuities as larger pots drive £7.4bn sales

ABI figures for 2025 at highest level since 2014 pensions freedom bombshell

Jenna Brown
clock 12 February 2026 • 3 min read
Annuity rates rose to 7.51% by end of 2025

Annuity rates rose to 7.51% by end of 2025

Rise worth an extra £7,000 to £9,000 in lifetime income for a 65-year-old

Holly Roach
clock 28 January 2026 • 2 min read
L&G joins with HSBC UK in annuity access push

L&G joins with HSBC UK in annuity access push

HSBC customers given direct access to L&G annuity service

Jenna Brown
clock 07 January 2026 • 2 min read