UK workers taking a more flexible approach to retirement

UK workers taking a more flexible approach to retirement

British workers are opting to work past traditional retirement ages, as well as phasing out full-time work by cutting back hours ahead of retirement, new research reveals.

The research, conducted by Aegon, revealed that UK workers were previously more likely to move straight from work into full retirement, though only half of current retirees are taking this option nowadays.

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Comments (1)

  • Sarah Vickerstaff
    Sarah Vickerstaff
    Sat, 28 Jul 2018 4:09am BST
    We need to be careful not to paint an overly optimistic and rosy picture of continuing to work. ALthough people have the 'choice' with no mandatory retirement age many effectively have to carry on working because they cannot afford not to and they cannot afford to retire gradually. FOr people doing heavy work the health benefits may be illusory. PLenty of older workers in hospitality and cleaning continue working with busted knees and hips fearful that taking time off could jeopardise their jobs. WE know that many older people would work if they could find work but after fifty finding a job or changing a job is difficult.