Two thirds of retirees to stay in employment - survey

Carmen Reichman
clock

Two thirds of employees approaching retirement are planning to stay in either paid or unpaid work once they retire from their full-time jobs, a survey suggests.

Of those aged 50 or over in full-time employment 65% intend to stay in work, more often because they enjoy working than needing the additional income, wealth manager Towry's Keeping busy in retirement survey indicated. The research - conducted in February among 501 UK adults with a personal income of £40,000 plus - also found 40% of respondents intend to carry out voluntary activities during their retirement, predominantly to help their community or fill some time. Head of retirement planning Andy James said: "This survey has shown that many who have planned well for their retirement ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Income

Gilt yield drama makes rising annuity rates 'hard to ignore'

Gilt yield drama makes rising annuity rates 'hard to ignore'

Dramatic spike in government borrowing costs

Jenna Brown
clock 13 January 2025 • 4 min read
Annuity misconceptions may lead to more stressful retirement

Annuity misconceptions may lead to more stressful retirement

'Annuity sales could, and perhaps should, be higher'

Ahmed Bawa
clock 18 December 2024 • 4 min read
L&G annuity sales hit all-time high of £2bn in 2024

L&G annuity sales hit all-time high of £2bn in 2024

Following a resurgence in annuity sales in the market

Sahar Nazir
clock 03 December 2024 • 1 min read