The number of people planning to work after state pension age has dropped from 71% in 2019 to 51% this year, according to Canada Life research.
The provider said this was the first year the number of people planning to stay in work had fallen since 2015 when its research began. It said health issues and employment prospects in light of the Covid-19 pandemic could be the cause of accelerated retirement plans and potentially encouraging more people to stop working when they are 66. Canada Life strategic propositions director, group insurance Paul Avis said: "For some older workers, the events of 2020 have helped them realise they want to spend more time at home, with their families and learning new skills and hobbies. "Where...
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