Lincoln: Pensioners having to work beyond retirement age
www.moneynews.co.uk > Pensions > Lincoln: Pensioners having to work beyond retirement age
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Lincoln: Pensioners having to work beyond retirement age
Tue 2nd Dec 2008
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According to the study, over one-third of Brits have resigned themselves to the fact that they will have to work past the retirement age in order to fund the lifestyle they want.
In the over-55 age group, one in ten people say they will have to work full-time during retirement and nearly half say they will have to work part time.
Simon O'Connor, head of product and marketing at Lincoln Financial Group, said: "With over a third of retirees now either working full or part-time […] it has become even more apparent that effective planning for retirement is essential."
Prudential, a leading pensions provider, published a survey last month which showed that the credit crunch is causing many people to prioritise short-term savings and cut down on their pension contributions.
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