Recession forces two-thirds to delay retirement plans

The consultant's survey of more than 4,000 workers found 64% believe the recession will delay their retirement plans while 19% envisage having to work between six and nine years longer. It says the findings are likely to be driven by falls in value of defined contribution assets. Aon's monthly DC Pension Tracker estimates the combined value of the UK's DC pension savings has fallen by 12% since September 2007. Senior consultant Richard Strachan says: "Although we have witnessed heightened levels of optimism in recent months, these findings highlight the real impact that the economi...