|
08-Apr-08 11:15 [Research]
Britons entering retirement 'unprepared' British people are entering into retirement unprepared financially and mentally, according to a new report.
Research from the Department of Work and Pensions (DWP) has revealed that a quarter of people going into retirement in the UK feel sad, anxious or lost.
Pensions minister Mike O'Brien said: "Many of today's older workers are rejecting the cliff edge between work and retirement in favour of a gradual step down. And employers should help them to do this. Women's state pension age is moving but you don't have to retire at this date."
He added that people have "time to plan" and they may be "surprised" by the choices that they have.
According to the government research one of the biggest things people miss after they retire is getting out of the house, while one of the things they do not miss is office politics.
The DWP promotes opportunities and independence through its services.
The use of company pension schemes is "vital" if a person wants to enjoy a top standard of living upon retirement, it has been stated.
Find out more>
A recently-published study has noted that employee happiness is more dependent on a person's wage in relation to contemporaries and workmates than absolute pay.
Find out more>
Final salary benefit pension schemes are to see a greater fall soon, with a growth in scheme closures to existing members as large employers look to lose their remaining liability, it has been revealed.
Find out more>
|
