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11/11/2009
More older people to work, says insurer |
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Insurance firm Prudential has said that there will be an increase in the number of people remaining in employment past statutory retirement age in the next ten years.
The coming decade will see a doubling of people still looking to continue past this point to 1.8 million, a survey by the firm found, with 24 per cent of companies expecting staff to go on working at later ages.
Such a development would mean 6.3 per cent of the workforce in 2019 will be older than the statutory retirement age.
Director of defined contribution solutions Martyn Bogira noted that the pension age has already been earmarked to rise to 68 by 2046.
"But these findings suggest that increasing numbers of pensioners will be forced to work later far sooner than this," he added.
Those still in work at an advanced age may face age discrimination issues and those already in such a situation may wish to speak to employment lawyers in London about their rights.
Last month, editor-at-large at Saga magazine Emma Soames suggested the future may see the fixed retirement age replaced with a fitness-assessed flexible age band varying between 65 and 70.
Written by Anna Norton
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