Two thirds of retirees to stay in employment - survey

Carmen Reichman
clock

Two thirds of employees approaching retirement are planning to stay in either paid or unpaid work once they retire from their full-time jobs, a survey suggests.

Of those aged 50 or over in full-time employment 65% intend to stay in work, more often because they enjoy working than needing the additional income, wealth manager Towry's Keeping busy in retirement survey indicated. The research - conducted in February among 501 UK adults with a personal income of £40,000 plus - also found 40% of respondents intend to carry out voluntary activities during their retirement, predominantly to help their community or fill some time. Head of retirement planning Andy James said: "This survey has shown that many who have planned well for their retirement ...

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

Annuities in a post-freedoms world: The need for rebranding and repositioning

Annuities in a post-freedoms world: The need for rebranding and repositioning

‘The challenges facing today’s retirees are intensifying’

Steve Butler
clock 22 May 2025 • 4 min read
Legal & General goes digital for annuity applications

Legal & General goes digital for annuity applications

Applications could take 14 fewer days to process

Jenna Brown
clock 01 April 2025 • 1 min read
M&G launches fixed term annuity as it re-enters market

M&G launches fixed term annuity as it re-enters market

Fixed term of between five and 15 years on £10,000 minimum lump sum

Jenna Brown
clock 12 March 2025 • 2 min read