Aviva highlights new trend for retirement calculator users

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Aviva highlights new trend for retirement calculator users

More people preparing for their retirement may soon decide to continue working in some capacity when they get past the old default pension age, according to a source from Aviva.

'At retirement' director at the firm Clive Bolton described it as being a move towards a more "DIY" pension plan, with individuals choosing to down-shift their jobs in order to deal with less pressure in their autumn years.

In his opinion, this can lead to increased flexibility, as well as people seeing the social benefits of doing a job they enjoy.

"Some people will naturally choose to stop work when they start claiming their state pension, but many are likely to continue working," said Mr Bolton.

He claimed that the removal of the default retirement age has actually allowed consumers to decide how they want to spend their older years.

Last month, Aviva highlighted how many people may be putting themselves in danger of losing track of retirement funds as a result of the number of pensions pots they accrue during their career.

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