Ageing workforce

Britain’s bosses need to prepare for a maturing workforce as financial anxieties and increasing longevity force people to work longer. Over the next two decades the number of people aged 60 and over in the UK workforce is set to double.

Plans to postpone retirement

Based on Labour Force survey statistics and combined with the Government and Pension Commission’s warnings on who will be affected by the pensions crisis, we predict that by 2020, more than 22 percent of people will be working well into their 60s – more than double the number at present.

According to our report, a third are expecting to postpone their retirement. 24 percent of people who forecast extended working lives are worried that there will not be a state pension when their working days end and a further one in six people foresee the rules in their workplace changing, forcibly keeping them there for longer.