COVID-19 fuels early retirement for fifth of 50+ Brits

Only one in 10 have had to delay retirement plans

clock • 1 min read

One fifth of British workers over the age of 50 (22%) are bringing forward their retirement plans as a direct result of the pandemic, according to new research from WEALTH at work.

The financial education workplace provider has conversely found 13% of workers have decided to delay their retirement as they enjoy working.   The majority of the survey's 1,320 respondents (54%) said the pandemic had had no impact on their retirement plans at all.  However, just over one in 10 (11%) have had to delay their retirement plans as a result of the pandemic impacting their affordability to do so.  "The pandemic has clearly affected people's retirement plans in different ways," said Jonathan Watts-Lay (pictured), director at WEALTH at work.   "Whilst it...

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 Employee Benefits

Reframe Cancer appoints new COO

Reframe Cancer appoints new COO

Professor Ben Kelly takes the role

Cameron Roberts
clock 24 April 2025 • 1 min read
Towergate's Lindsay Kenny joins Broadstone

Towergate's Lindsay Kenny joins Broadstone

Delivering employee benefits support for SMEs

Jaskeet Briah
clock 23 April 2025 • 2 min read
Mental health is the biggest concern for half of employers

Mental health is the biggest concern for half of employers

Towergate research findings

Jaskeet Briah
clock 22 April 2025 • 2 min read