Pension-age workers in sales jobs 'will double by 2019'

UK businesses are preparing for a surge in staff looking to delay their retirement over the next ten years.

Research by Prudential showed that around 1.8 million people expected to be working beyond traditional retirement ages by 2019.

Nearly a quarter of companies expect employees to work past retirement, while 39 per cent of larger firms said they would have to accommodate requests from staff to work longer.

In total, UK companies anticipate that 6.3 per cent of their total workforce could be made up of men over the age of 65 and women over the age of 60.

Martyn Bogira, Prudential's director of defined contribution solutions, said that as health and longevity continue to improve and people look to fund a longer life in retirement, it was inevitable that compromises would be made.

"The statutory retirement age for men and women is due to rise to 68 by 2046, so working longer will be a fact of life for those entering the workforce today but these findings suggest that increasing numbers of pensioners will be forced to work later far sooner than this," he added.

Earlier this year, the Conservatives announced that they would raise the state retirement age to 66 for men and 63 for women by 2016, if they came into power.

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Posted by Wayne Bly and John Oak

Filed: 11-11-2009