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10% of over 65s still working

Gillian Cooper
Insurance news
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A fast-growing minority of Brits are working past the age of 65, new figures from the Office for National Statistics show.
A total of 1.1 million people are putting retirement on hold - and that figure is set almost to double in the next six years.
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Reasons cited for continuing employment include fears over pension pots.

Steve Lowe, director at retirement income specialist Just Retirement, explained: "Auto-enrolment should encourage higher levels of pension saving over the very long-term but in the meantime we have a generation of retiring workers that needs all the help they can get to make the most of the money they have saved, particularly in light of the changes to pensions in the Budget that will give people more freedom to take money."

Currently one in every 10 Brits aged 65 or over is still in employment. Most are males: 664,000 in February to April 2014, compared to 435,000 females.

https://www.healthinsurancedaily.com/health-insurance/product-area/group-risk/article443222.ece

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