Covid-19 fuels early retirement for fifth of Brits aged 50 and above

Only one in 10 have had to delay retirement plans

clock • 1 min read

One fifth (22%) of British workers over the age of 50 are bringing forward their retirement plans as a direct result of the pandemic, according to new research from WEALTH at work.

The financial education workplace provider has found 13% of workers have decided to delay their retirement as they enjoy working.  The majority of the survey's 1,320 respondents (54%) said the pandemic had had no impact on their retirement plans at all.  However, just over one in 10 (11%) have had to delay their retirement plans as a result of the pandemic impacting their affordability to do so.  "The pandemic has clearly affected people's retirement plans in different ways," said Jonathan Watts-Lay (pictured), director at WEALTH at work.   "Whilst it has given s...

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

DWP publishes updated roadmap for workplace pensions

DWP publishes updated roadmap for workplace pensions

Government sets out an updated plan to implement workplace pension reform

Jonathan Stapleton
clock 13 July 2026 • 2 min read
'Significant gap' found in HMRC's SIPP data

'Significant gap' found in HMRC's SIPP data

No data identifying SIPPs or junior SIPPs as distinct categories, Aberdeen Adviser FOI finds

Isabel Baxter
clock 01 July 2026 • 2 min read
Strong chance 'nightmare' IHT pension reforms will 'simply not work'

Strong chance 'nightmare' IHT pension reforms will 'simply not work'

Baroness Ros Altmann says the policy is ‘fraught with dangers’

Holly Roach
clock 30 June 2026 • 1 min read