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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.




05-Sep-08 [Asia Pacific]
Australian pensioners call for rise
Pensioners in Australia have backed calls by the country's Green party to raise the single age pension to higher than the twice-yearly average as decided by the Consumer Price Index (CPI). Find out more>
A plan by the government to increase the number of workers in occupational pension schemes could result in existing retirement provision facing cuts, it has emerged. Find out more>
04-Sep-08 [Pay and Reward]
Strike for staff at Sellafield
The Sellafield nuclear reprocessing plant in Cumbria is to lose just over a tenth of its workforce after it was announced that members of Unite would go on strike. Find out more>

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