Rising cost of living and poor savings putting extra pressure on households
Around three quarters of UK employees - the equivalent of 23 million people - plan to work after they reach state pension age (65) and nearly half (47%) will be older than 70 before they retire - up from 37% in 2017 - a survey from Canada Life has suggested. According to a survey of 1,007 UK people in full and part-time employment (April 2018), the proportion of UK employees expecting to work beyond 65 has remained at around three-quarters for the second year running, however this figure is significantly higher than in 2016 (67%) and 2015 (61%). Almost a fifth (17%) of respondents, me...
To continue reading this article...
Join COVER for free
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.