Haddenham.net

Older workers willing to retrain

Home » News » Older workers willing to retrain
Older Workers

Almost two-thirds of workers over 50 say they want further training so they can continue working into retirement, according to research by MetLife.

The survey of more than 2,500 employees found that a lack of retirement savings is a major driver of people working longer.

The study reveals:

  • 63% of over-50s are considering working into retirement
  • 50% are looking to learn new skills in order to continue working
  • 13% want to retrain so they could start their own business

This is the latest survey to identify a change in working patterns among older people. It found that 71% of people will consider working beyond the statutory retirement age while just 31% say they will stop working entirely.

Dominic Grinstead, managing director of MetLife UK, said:

"It is striking that many over-50s are considering retraining to become more flexible at work just as pensions are being changed to be more flexible.

"The numbers contemplating working in retirement — whether it's full-time or part-time — shows that as the retirement landscape changes and people prefer to phase retirement, flexible income solutions will be needed to enable people to make the best possible use of pension freedoms."

Source: Richardsons, Thame

popular recent storiesAlso in the news

HYFC 01
Paul Moore: Fri 18 May 5:15pm

Haddenham Youth FC U12 (Year 7) had a very successful season last year, winning three end of season tournaments.They then followed it up in 2017/2018 by winning the Red League (1st Division) and came runners up in Yellow league (4th Division).All this with a small squad of only 21 players!This exceptional group of players is now looking to add more players to the squad for next season as...

British Library 01c
Steve Sharp: Thu 17 May 6:00pm

On Wednesday 9th May, 27 volunteers of the Haddenham Community Library visited the British Library (BL) on a trip brilliantly organised by librarian Alison Gilbert. The outing was a great success. The group was received by BL staff and given a guided tour in two groups, each with an excellent guide. Most of the group had not visited before and were immensely impressed by the building's...

Fete Poster 2018_05
Fete Committee: Thu 17 May 5:45pm

Saturday 9th June, 1.00pm — 4.30pm sees the return of the popular Haddenham Village Fete around Church End and Flint Street — a lovely whole community event, with fun and games for all generations.You can enjoy established favourites such as the Classic Cars Display at Manor Farm, Open Gardens around Church End and Flint Street, the Beer and Pimms Tent and the usual fabulous variety of stalls...