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

Millions make retirement trade-offs to fund children and grandchildren's university costs

Millions make retirement trade-offs to fund children and grandchildren's university costs

Includes many delaying retirement

Jen Frost
clock 03 June 2026 • 3 min read
Watch PA's Working Lunch with L&G: Navigating the new landscape of retirement solutions

Watch PA's Working Lunch with L&G: Navigating the new landscape of retirement solutions

Catch up on the discussion

Professional Adviser
clock 09 April 2026 • 1 min read
The changing nature of retirement planning

The changing nature of retirement planning

Retirement planning conversations must 'evolve'

Lorna Shah
clock 02 April 2026 • 4 min read