Most set to work past pension age

NINE out of ten people in their fifties are considering working on past the state pension age in a bid to boost their standard of living, research showed yesterday.

Around 70 per cent of people in their early 50s said they were worried they might not have enough to live on in retirement, but 89 per cent said they were willing to work after they could draw a state pension.

The study, which was carried out by the Institute of Education at the University of London, found that people who had pensions were nearly as likely to be worried about their income during retirement as those who did not.

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Author of the report Matthew Brown said: "Paying into a pension no longer seems to ease people's financial worries."