Wednesday, June 27, 2007

United Kingdom: Aging Workforce To Triple by 2017

Research conducted by Aon Consulting shows that UK employers need to prepare for an aging workforce as 78% of employees anticipate working beyond 65. While only an estimated one million are currently working past the state pension age, AON suggests that this would treble amongst people aged 65-70 by 2017.

According to its research, a quarter of respondents would carry on working past the official retirement age simply because they wanted to, while 53% believe it will be necessary to increase their pension. In comparing different regions, AON reorts that 57% of Newcastle workers were committed to topping up their pension, while 49% of Scottish employees would do so.

Source: AON Consulting News Release (June 25, 2007)

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