Village of Haddenham

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

Philippa Blowfield
Haddenham Webteam: Mon 28 Sep 2:00pm

Haddenham resident Dr Philippa Blowfield will be running the Official 40th London Marathon next Sunday, 4th October. Of course, due to Covid restrictions, the event cannot take place in London. So instead 45,000 runners across the world are running the distance in their local communities. You are likely to have spotted Philippa on her many training runs around Haddenham in the last few...

Dennis at Ivor Miles Garage
Haddenham Webteam: Sat 26 Sep 12:00pm

Dennis Vincent, the very longstanding fuel attendant at Ivor Miles garage in Churchway, has decided to retire after nearly 30 years' serving fuel to the motorists of Haddenham and the surrounding areas. Dennis has been an outstanding member of the Ivor Miles team and, in all weathers, been at the forefront of the business. Many local residents will recall that, despite his senior years...

Public Health England logo
Haddenham Webteam: Thu 24 Sep 4:30pm

The following letter is being distributed to parents and guardians from Public Health England:Dear parents and guardiansThis is an important letter to share some information on how we can work together to make sure we can continue to give children and young people the best education in the safest way possible.One important part of ensuring the safety and wellbeing of pupils, parents and...