A new generation of 'Wearies' - Working, Entrepreneurial and Active Retirees - is likely as a result of inadequate retirement incomes, says Friends Life.
The research, conducted by Future Foundation for the insurer, identified this group as working in a self-employed capacity into their 70s and beyond. Martin Palmer, head of corporate benefits marketing for Friends Life, said: 'We're expecting the traditional image of the pensioner with slippers and rocking chair to change completely." The research found half (51%) of current retirees are prepared to do part-time work to boost their pensions while 75% of those yet to retire expect the same outcome. Those currently working would sell unneeded possessions online (59%), run a small bus...
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