Zurich survey finds pensioners being forced back to work

clock

Zurich has claimed that pensioners are increasingly being forced to delay their retirement or return to work due to the rising cost of living.

A survey commissioned by the group has revealed that 64pc of Britons at retirement age are considering working post retirement, with 31pc postponing retirement for financial reasons. This emerging trend, dubbed 'returnment' by the independent think tank the Future Laboratory, is symptomatic of the changing face of retirement in the UK, Zurich claimed. Speaking at Zurich's recent credit crunch conference, The Rt Hon Michael Portillo commented: "The combined impact of the rising cost of living, rising inflation, fears of recession and the constant media coverage of the credit crisis, has ...

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 uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •