Number of over-65s in work tops 1m

In the three months to April, the proportion of workers above the official retirement age stood at 9.5%, or 1.003m people, which is the highest since comparable records began more than 20 years ago. The total number of over-65s in the workforce has doubled since 1993, from 753,000 to 1.4 million last year, with most of that rise coming since 2000, the figures show. The ONS said improved standards of health were allowing people to work longer, but that lower incomes in retirement were also contributing to the rise. Ros Altmann, director-general of Saga, said many people are choosing...