Many workers have no plans to retire, research shows

Many workers have no plans to retire, research shows

Over a third of non-retired adults do not know when they will retire, according to a new study, which could see many put off looking to find a care home.

According to the Baring Asset Management research, ten per cent of Brits are not planning on retiring at all.

Additionally, some 378,000 individuals are not planning to leave work until they are over the age of 71, and the number of women planning to retire later in life has doubled.

Marino Valensise, chief investment officer at Barings, said: "We have seen the cost of living continue to rise, making retirement more expensive and resulting in many more people having to put retirement off for a few more years."

This follows comments from Yvonne Goodwin, managing director at Yvonne Goodwin Wealth Management, who said that older people could fight against ageism in the workplace by showing enthusiasm at job interviews.

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