Our views about retirement are changing

SAVE ITEM
Piggy bank

15 / 1 / 2015 9.30am

The Department for Work and Pensions have released statistics from recent Government research into how our views of retirement are changing. The research indicates that people are considering working to a later retirement age and would consider working part time and making use of flexible retirement options.

Of the 2,000 people surveyed in a YouGov poll, nearly half of those over 50 said they want to keep working between age 65 and 70. Results also showed that almost two thirds of those surveyed who are over 50 don't think stopping work all together is the best way to retire. 39 per cent of respondents who were over 50 and currently working favoured part time or flexible working options prior to retirement.

The findings show that people's views of their retirement are changing. Employers who are able to offer flexible retirement options will be well placed to retain the valuable skills and knowledge of older workers as they approach retirement.

The NHS Working Longer Group was established to review the implications of the NHS workforce working to a raised retirement age. The group have produced a suite of resources available to assist employers and employees including flexible retirement option quick guides, a flexible retirement options checklist poster, guides for employees and employers on the implications of a raised retirement age and a presentation for employers which can be tailored to your organisation.

To find out more about the work of the group visit our Working Longer Group webpage.

Our Flexible retirement webpages have information on the flexibilities available within the NHS Pension Scheme and practical guidance and shared learning.

You can read the full Department for Work and Pensions press release here.

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