View more on these topics

38% of UK executives looking to retire early

UK senior executives are more likely to want to retire early than their counterparts in any other European country, according to research by logistics firm UPS.

Its 12th annual Europe Business Monitor survey of UK business leaders shows that 38 per cent plan to retire early, with a further 32 per cent saying they would like to get out early but will probably have to continue working.

The findings of the survey of 1,452 senior business leaders come after the Pensions Green Paper pointed strongly to people working longer to be able to afford to retire.

Only one in 10 respondents plans to work beyond age 65. The survey also reveals that 59 per cent believe employers should allow their staff to work beyond retirement.

Forty-three per cent believe the Government should increase the basic state pension.

Early retirement is not in favour elsewhere in Europe, with only 5 per cent of Italian, 7 per cent of Spanish and 10 per cent of French business leaders saying they plan to retire early.

Thirty-four per cent of Italian senior executives – more than three times the rate for UK executives -plan to continue working after retirement.

The surveys was conducted in September and October by Taylor Nelson Sofres on behalf of UPS.

UPS business development director Neil Taylor says: “This year&#39s UPS Europe Business Monitor reveals that pension provision and retirement ages are increasingly important issues to business leaders across Europe.”


Moore&#39s code

It seems hard to believe but financial services was once seen as something of a backwater in the world of City journalism. Not any more. The last few years have been a time of unprecedented change for the industry – some would say that it has been in turmoil. This it is not going to […]

Household savings plummet

The public is blind to media and Government warnings of a high risk of pensioner poverty, according to research from Royal London.Figures from the firm&#39s second British savings report show household savings have taken a nosedive since the first report in May 2002.The survey shows individuals&#39 regular personal savings, including pensions, bank and building society […]

Invesco ads aim to reassure investors

Invesco Perpetual is running an ad campaign in the national, trade and consumer press designed to reassure investors it is doing all it can to weather the current market volatility.The campaign uses two straplines – “With you every step of the way” and “Your investment partner for life” – to reflect its commitment to developing […]

Framlington chief Vogel quits to set up own firm

Framlington chief executive Mike Vogel has stunned the group by resigning to set up an independent private client investment business.In a move which has left the fund management company temporarily without a chief executive, Vogel,who has been with Framlington for eight years, has left to pursue a long-held ambition to run his own firm which […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm