Over 50s 'looking to work beyond retirement age'

Over 50s are increasingly looking to defer their pensions and retirement in order to continue working beyond the age of 65, according to financial consultant Hymans Robertson.

The firm has welcomed new governmental proposals to review the mandatory retirement age as "making sound sense", due to increased pressure on over 50s finance options and pension allotment.

It added that such a move would be reflective of the consumer needs and trends, having observed a decrease in those choosing to retire early and a corresponding rise in requests to work beyond the default retirement age.

Martin Potter, partner at Hymans Robertson, said: "The notion of later retirement has long been resisted as unfair, unworkable and unnecessary. Now, finally, it is a no-brainer."

This comes after independent pensions policy adviser Dr Ros Altmann last month called for a change in attitudes towards retirement and older people, stating that many of those aged over 65 are perfectly willing and able to continue working.

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