Half of workers plan part-time employment in 'retirement'

‘No desire to retire’

clock • 2 min read

More than half of people say they plan to work at least part-time during their retirement with the average worker planning to leave their primary job aged 66, according to research.

Fidelity International said 52% of people planned to continue working after their retirement. Some 45% of people surveyed said they expected to work into their 70s. The provider said continued improvements in life expectancy meant working patterns would definitely change. It said recent statistics from the Office of National Statistics (ONS) showed that the proportion of those aged over 70 in full- or part-time employment had doubled in the past decade. Fidelity International director for workplace investing Maike Currie said: "Today's so-called retirees are healthier, living longer, ...

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 Pensions

The LTA has been abolished but life isn't any simpler for advisers

The LTA has been abolished but life isn't any simpler for advisers

A whistlestop tour of post-LTA pension rules

Keeley Paddon
clock 16 August 2024 • 6 min read
Why pension savers need more education on fees

Why pension savers need more education on fees

Pension investments can come with radically different fees

Ahmed Bawa
clock 14 August 2024 • 4 min read
FCA consultation hones in on DC pension scheme value for money

FCA consultation hones in on DC pension scheme value for money

Framework designed to shift focus from costs to long-term value and deliver better outcomes

Martin Richmond
clock 08 August 2024 • 3 min read