Nearly two thirds (62%) of those who had planned to retire in 2011 would consider postponing their pension and continuing to work in order to boost their retirement income.
Jonathan Watts-Lay, Director, WEALTH at work comments, "This research is quite alarming and suggests that employees definitely need financial education, in order to understand their retirement choices - especially given new regulation changes & the additional workplace savings choices available. The provision of financial education would allow employees to better understand their retirement income options to make more informed decisions to be able to prepare for their retirement. Readers may like to view research conducted by WEALTH at work which shows how employers are reacting to the changing retirement environment".
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Please see the article on the Employee Benefits website
