Money
Retirement
Working beyond pension age
Employers should prepare themselves for a significant growth in the number of people working beyond pension age
A survey by Aon Consulting found that more than threequarters of adults currently in work expected to work beyond the age of 65.
Just over half (53%) said they would need to carry on working to increase their pension, and a quarter said they wanted to work because they liked work.
Only 22% said they would not work beyond 65 in any circumstances. At present, only about one million people work beyond 65. But Jon Beaumont, a Human Resources consultant at Aon, says these figures imply "there will be three times that number working or at least wanting to work after that age."
And he warned employers to prepare for the idea.
"As the Baby Boom generation heads for pension age, the number of people aged 55-64 will fall while the number of over-65s grows.
"So there may be a gap to fill."
