Around three-quarters of UK employees - the equivalent of 23 million people - plan to work after they reach the state pension age of 65 and nearly half (47%) will be older than 70 before they retire, research from Canada Life has suggested.
According to the survey of 1,007 UK people in full and part-time employment (April 2018), the proportion of UK employees expecting to work beyond 65 has remained at around three-quarters for the second year running, however this figure is significantly higher than in 2016 (67%) and 2015 (61%). Almost a fifth (17%) of respondents, meanwhile, expect to be older than 75 by the time they retire. With workers aged 35-44 most likely to say they retire after their 75th birthday (27%), the survey found. Nine in 10 (90%) of UK employees surveyed said the rising cost of living is the main reaso...
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