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Tuesday 25 October 2016
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Retirement attitudes changing

Societies views towards retirement are changing according to statistics in Government research.

The Department for Work and Pensions release statistics from a recent YouGov poll in which 2,000 people were surveyed with more than half of respondents saying they want to keep working between the ages of 65-70.

Two thirds of respondents believed that stopping work completely wasn’t the best way to retire demonstrating the need for employers to offer flexible retirement options – with 39% of those over 50 currently working saying that they favoured flexible working options prior to retiring.

Minister for Pensions Steve Webb said:

“How we all look at retirement is changing and the way in which government and business help older workers needs to keep up with the times.

“We are making giant steps in improving this support with almost 250,000 more people aged 50 to 64 joining the labour market over the last year and over a million workers aged 65 and over now in work.

“The results show there is no single view of retirement any more, but the message from older workers is clear; employers need to keep up with changes to society and we have to ensure over 50s have the skills in place to continue developing their careers throughout their working lives.”