Research by Prudential has found that 10% of people who had planned to retire in 2012 are now making alternative arrangements and are putting off drawing their pension for the time being.
Of those deferring retirement, 32% say this is because they do not want to retire yet, while 68% say they are putting it off because they cannot afford to retire as originally planned.
However, Prudential also suggest giving up work before growing too old is still an aspiration for many. The average age of those intending to retire this year is 60, which is similar to last year’s result and actually seven months younger than in 2010.
Source: Credit Action – March 2012 edition