Three-in-four employees expect to work beyond 65 - Canada Life

Adam Saville
clock • 3 min read

Rising cost of living and poor savings putting extra pressure on households

Around three quarters of UK employees - the equivalent of 23 million people - plan to work after they reach state pension age (65) and nearly half (47%) will be older than 70 before they retire - up from 37% in 2017 - a survey from Canada Life has suggested. According to a survey of 1,007 UK people in full and part-time employment (April 2018), the proportion of UK employees expecting to work beyond 65 has remained at around three-quarters for the second year running, however this figure is significantly higher than in 2016 (67%) and 2015 (61%). Almost a fifth (17%) of respondents, me...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Group Protection

Unum identifies 'concerning gap' in employer mental health support

Unum identifies 'concerning gap' in employer mental health support

78% of employees would leave due to high stress levels

Jaskeet Briah
clock 18 April 2024 • 1 min read
Vitality partners with employee benefits platform Kota

Vitality partners with employee benefits platform Kota

Users to access Vitality's group health insurance plans

Jaskeet Briah
clock 18 April 2024 • 2 min read
Bupa extends JAAQ workplace mental health partnership

Bupa extends JAAQ workplace mental health partnership

Key focus on child and adolescent mental health services

Jaskeet Briah
clock 15 April 2024 • 2 min read