A rising trend towards 'pretirement' - people scaling back on work or changing jobs rather than stopping work entirely - has now persisted for five years in a row, according to research by Prudential.
The pension provider also found, however, that many of those who had planned to retire this year were now considering working past the state pension age in the hope of securing themselves a greater retirement income. While 9% said they would continue full-time in their current job, more than a quarter (28%) of respondents said they would prefer to cut their hours with their current employer. A further three in ten (29%) would look for a new employer altogether and a resourceful one in five (20%) hoped either to start a business or earn some money from a hobby. Research Plus conduct...
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