Secretarial Jobs Board

Brits prefer early retirement

13/02/2008

UK employees are more likely to retire out of choice than international workers, new research has found.

A study conducted by insurer AXA revealed that 48 per cent of Brits stopped work short of the minimum legal age - across the globe, the average figure was only 36 per cent.

Workers in Canada (73 per cent) and the US (56 per cent) were the most likely to have retired early.

"The results suggest that Brits are reluctant to see the age of retirement raised, and a significant number have already retired early," said Steve Folkard, head of pensions and savings policy.

The research also found 20 per cent of workers felt they were encouraged to stop work when they wanted to continue.

"Despite legislation making it unlawful to discriminate against workers on the grounds of age, our study clearly shows that some employees are still being coerced into early retirement," he continued.

The current minimum legal retirement age is 65 and people are free to take further employment if they want to.

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