Brits 'realistic about longer working life'

The average British worker believes that they will only be able to retire around 67-years of age, according to a new report.

Friends Provident has found that most would prefer to retire at least five years earlier, aged 62-years on average.

One in four believes that they will have to continue working until they are 70-years old.

This is despite the default retirement age being raised to 66, in order to boost national pension savings.

Almost a third (32 per cent) of those surveyed did not have a retirement plan in place.

However, some of those surveyed were looking forward to having a longer working life.

Around a quarter (24 per cent) of respondents said they would get bored if they were forced to stop working earlier, while more than half (52 per cent) said they would otherwise miss the social aspect of being in an office or other work environment.

Published on: November 8, 2010

Did you like this article? Share it!