Number of people planning to work post-state pension age drops - research

Pandemic accelerates retirement plans

Jenna Brown
clock • 3 min read

The number of people planning to work after state pension age has dropped from 71% in 2019 to 51% this year, according to Canada Life research.

The provider said this was the first year the number of people planning to stay in work had fallen since 2015 when its research began. It said health issues and employment prospects in light of the Covid-19 pandemic could be the cause of accelerated retirement plans and potentially encouraging more people to stop working when they are 66. Canada Life strategic propositions director, group insurance Paul Avis said: "For some older workers, the events of 2020 have helped them realise they want to spend more time at home, with their families and learning new skills and hobbies. "Where...

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 Retirement

The advice dividend in an age of retirement uncertainty

The advice dividend in an age of retirement uncertainty

The UK pensions landscape has become progressively more complicated in recent decades

Andrew Tully
clock 17 February 2026 • 4 min read
Royal London introduces CRP framework to help advisers

Royal London introduces CRP framework to help advisers

Support when developing retirement income strategies for clients

Jenna Brown
clock 29 January 2026 • 1 min read
Just Group sees fall in retirement income sales as takeover approaches

Just Group sees fall in retirement income sales as takeover approaches

Brookfield Wealth Solutions to takeover during first half of the year

Isabel Baxter
clock 20 January 2026 • 2 min read