A 3rd imagine they may work into their 70s

Nearly a 3rd (31%) of employees imagine they might work
into their 70s and past, with one in 14 assured they might hold going into
their 80s, analysis reveals. 

Nevertheless, AIG Life’s knowledge reveals the common age for a
essential sickness payout final yr was 47. Though many individuals make a full
restoration following an sickness, for some it may imply an extended restoration and
may lead some to think about working part-time or not working in any respect, the
insurer advised. 

The examine from AIG demonstrates the affect rising life
expectancy and well being enhancements are having as individuals adapt the best way they work
and stay.

The ballot reveals the older that individuals are the longer they
imagine they are going to be wholesome sufficient for work – over-55s anticipate to have the ability to
hold going to just about 73 in comparison with round 66 for the under-35s. 

Their confidence in with the ability to proceed work backs up adjustments
to the State Pension Age which is because of be elevated to 66 by subsequent yr for
women and men, to 67 between 2026 and 2028 after which to 68 from 2037. 

Nearly half (47%) of individuals imagine the present common
21 years spent in retirement is nearly the correct amount of time to spend
not working. Nevertheless, one in seven (14%) adults imagine that 21 years of
retirement is simply too lengthy.

AIG Life’s analysis discovered individuals anticipate to stay to just about
82 and to be wholesome and lively till round 77.three years of age. Round one in
5 (18%) imagine they may stay previous 90. 

Donald MacLean, chief monetary officer at AIG Life, mentioned
youngsters born at the moment can, in lots of circumstances, anticipate to stay to see their
100th birthday, which suggests individuals want to think about how they may defend
themselves and their households financially.

“It's clear that all of us want to consider what we
need, what may occur alongside the best way that might derail that and take sensible
steps to plan for the long run as early as attainable,” he added. 

Individuals within the North East are the keenest on an extended
retirement – almost one in three (32%) assume 21 years’ of retirement isn't
sufficient and solely eight% assume it's too lengthy. Londoners and people within the East of
England are the least more likely to embrace an extended retirement.