UK 'must improve employment landscape'.

10 August 2012

Britain's plans to raise the state pension age could be undone if barriers surrounding older employment are not overcome, an independent think tank has warned.

The Resolution Foundation backed plans to increase the pension age, but warned that it could make it harder for women should certain issues remain unresolved.

Around two-thirds of older workers want to continue working up to or beyond the pension age, but only 60% of women wish to work longer, compared to 72% of men.

The report revealed that the UK ranked 15th out of 34 OECD countries for older workers, and that the majority of pension saving only takes place after people reach the age of 50.

One in four people are currently not saving enough to retire at the state pension age of 65, and it is felt Britain has work to do if it wants to catch up with other countries.

Gavin Kelly, chief executive of the Resolution Foundation, said: "Older workers have fared comparatively well in our jobs market in the last decade but the truth is we're still nowhere near the podium internationally."

Copyright Press Association 2012

News archive

Search our list of
previous news articles for topics of your choice.

Guides and insights

See what we have to say on today’s important
investment topics.

With Profits

Find out more about the
latest bonus rates for
With Profits policies.

Your recently viewed items...

You need javascript enabled for us to remember your Recently Viewed Items.

You might also be interested in...

Information for with profits customers

If you have a with profits policy such as a pension, bond or endowment you can find out more here.

Contact us

Would you like to talk to us? We're here to help. Take a look at our phone numbers and opening hours.

Write to us

You can contact us by email or post. Take a look at our address details.