Some people 'no longer want to retire at 65'

24-09-2008

Some people 'no longer want to retire at 65'
Many people are not planning to retire when they reach the age of 65, new research has revealed.

According to a survey by AEGON, only 29 per cent of people asked said they were planning to quit work when they reached retirement age, even if they would be able to support themselves financially.

A further 61 per cent they would either continue work or look to go into higher education.

Mark Locke, a spokesperson for AEGON, believes this may be because life expectancy has increased.

"After you reach 60, 65, you could live for another 30, 35 years - you almost live for as long as you have worked in retirement, and that's a long time," he said.

A recent report by the Press Association says that there are hundreds of people in the UK claiming compensation through employment tribunals as they have been forced to retire at the age of 65 against their wishes.

Related categories: HR / Recruitment.


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