Corporate events could help manage aging workforce
Retirement advice might be essential for Britons, as one expert claims many will change roles late in their career to take on advisory or less physically-demanding posts.Charlie Thomas, executive editor of Pensions Management, suggests the abolishment of the compulsory retirement age means people will work longer, with many going part-time or acting as consultants in their workplace.
This may make retirement advice necessary, as taxes and savings are likely to be subject to different rules depending on whether individuals are working and what their income is.
The personal finance expert advises: "There is no golden age to start saving, but the earlier the better," suggesting people examine alternative vehicles that might be more flexible than traditional pension pots.
A BBC Newsnight poll revealed 70 per cent of 1,000 people surveyed believed it would not be possible to live on retirement funds for thirty years, with 72 per cent worried they would not have the means to live as they would wish after they stop working.
