One fifth (22%) of British workers over the age of 50 are bringing forward their retirement plans as a direct result of the pandemic, according to new research from WEALTH at work.
The financial education workplace provider has found 13% of workers have decided to delay their retirement as they enjoy working. The majority of the survey's 1,320 respondents (54%) said the pandemic had had no impact on their retirement plans at all. However, just over one in 10 (11%) have had to delay their retirement plans as a result of the pandemic impacting their affordability to do so. "The pandemic has clearly affected people's retirement plans in different ways," said Jonathan Watts-Lay (pictured), director at WEALTH at work. "Whilst it has given s...
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