One in 10 will delay retirement in 2012

The Class of 2012 survey said a third (32 per cent) have deferred drawing a pension as they do not want to retire yet, while two thirds (68 per cent) are putting it off because they can't afford to retire as planned. Vince Smith-Hughes, head of business development, said: "It is undeniable that there is a new retirement reality for a significant number of retirees." However, the average age of people planning to retire this year is 60 years old - a similar age to last year's survey and seven months younger than 2010 results. Looking at this group, Smith-Hughes said: "It's likely th...