More than a million UK workers plan to never retire - Canada Life

Ayesha Venkataraman
clock • 2 min read

More than one million UK workers believe they will never retire, according to research from Canada Life.

Despite the apparent extreme plans of those one million people there has a sizeable drop in the number of working adults who plan to work beyond their state pension age, falling from 19.8 million last year to 17.1 million in 2021. The research was carried out by Opinium among 2,000 UK adults between 10-14 September 2021 and extrapolated out. "Understandably the pandemic has had a drastic impact on this, with many people re-evaluating how they want to live and what they want to do in later life," said Andrew Tully, technical director at Canada Life. The research revealed the greatest c...

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

Advisers lack confidence in retirement strategy following FCA's review

Advisers lack confidence in retirement strategy following FCA's review

Only 2% of advisers are confident in their retirement strategy

Isabel Baxter
clock 04 June 2024 • 1 min read
Invesco and Just Group co-launch MPS-backed retirement solution

Invesco and Just Group co-launch MPS-backed retirement solution

‘There needs to be greater product innovation in retirement solutions’

Hope Coumbe
clock 03 June 2024 • 1 min read
Retirement hopes hit by 'sinister' impact of longer-term mortgages

Retirement hopes hit by 'sinister' impact of longer-term mortgages

Are we sleepwalking into a retirement crisis?

Laura Suter
clock 30 May 2024 • 3 min read