28th September 2018

Royal London: Older workers represent huge talent pool for employers

Pensions Specialist Helen Morrissey looks at the shift in the typical retirement age shown in the recent UK Labour market statistics.

The recent UK Labour Market statistics1 showed the number of people in employment continues to rise.This is also the case for people over traditional retirement ages with the figures showing there were 1.2m people over the age of 65 in employment between April and June 2018. This is up from 1.1m in the same period last year2.

On the face of it these figures may seem to be indicative of the whole “work until you drop” idea whereby people have to keep working because they haven’t saved enough for retirement. While this may be the case in some instances it’s also worth noting that many people choose to work longer out of choice.

Read the article here. 

Pensions