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UK workers expect to delay retirement – survey

UK workers are coming to the realisation they will have to work longer than they originally wanted according to a new survey looking at people&#39s attitudes towards pensions and retirement.

The new survey, produced quarterly by the International Institute of Banking & Financial Services, shows that on average, people want to retire when they are 56 years old, but do not expect to until the age of 62.

The survey shows that age has a significant impact on when people plan to retire, with older people preferring to stay in work longer. People aged between 55-64 would like to retire at an average age of 62, while people in the 25-34 age group want to retire at just over 53.

The IIBFS survey also tackles pension provisions. Of the people not yet retired, 45% expect a full state pension, 14% expect a part pension, and 35% did not know.


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Euro group aims to boost cross-border mortgages

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Government about-face on Child Trusts

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Parents have plans to top up CTF funds

The majority of parents with children eligible for Government funding assistance through the child trust fund say they plan to top up the cash for their children.Research from The Children&#39s Mutual reveals that 79 per cent say they plan to make additional contributions to the funds when the initiative is likely to start on April […]


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