Retirement
Two thirds of retirees to stay in employment – survey
Of those aged 50 or over in full-time employment 65% intend to stay in work, more often because they enjoy working than needing the additional income, wealth manager Towry’s Keeping busy in retirement survey indicated.
The research – conducted in February among 501 UK adults with a personal income of £40,000 plus – also found 40% of respondents intend to carry out voluntary activities during their retirement, predominantly to help their community or fill some time.
Head of retirement planning Andy James said: “This survey has shown that many who have planned well for their retirement are keen to continue playing some part in the working world, be this in a paid or voluntary role.”
Certified financial planner at Close Brothers Asset Management Richard Watkins pointed out working in later life should be a “choice rather than a financial necessity”.
“People place the most value on security, quality of lifestyle, comfort and stability in the later years, and appropriate, tailor-made financial advice will provide the financial flexibility to support these,” he said.
Tag Box
There are 0 Comment(s)
Why NS&I may need to trim interest rates for millions of savers
Savers continued to plough money into National Savings and Investment (NS&I) in April, though at a slower...
How to get 9% interest without tying up your savings for years
You don't have to lock your money away for years to get above-average returns on your savings.
NS&I makes it easier to top up Premium Bonds
NS&I has started rolling out an alternative way to make payment, which should make it easier and more secu...
Ryanair jetting towards US flights for £10
Ryanair is on course to achieve its long-held ambition of offering transatlantic flights to the US – and the...
Investing in car parks: a good vehicle for income seekers?
As the search for income continues, many investors are turning to alternatives, with car parks becoming increa...
A quick guide to guarantor loans – in association with Guarantor Loan Comparison
Considering a guarantor loan or becoming a guarantor yourself? Read our essential guide...
Results round-up: Companies to watch this week
Mulberry and more will face the music this week.
Product launches of the week
Select Property Group, Schroders, Leeds Building Society and more have exciting news this week.
Money Tips of the Week
© AE3 Media Ltd, Floor 7, Lincoln House, 296 - 300 High Holborn, London WC1V 7JH, Company.