Overview
- News outlets on Monday reported Ipsos research for Standard Life showing that 8% of retirees have gone back to work and another 8% are considering it.
- Three in ten retired people said their standard of living is now worse than when they were working.
- Planning gaps are common, with 20% saying they underestimated how much money they would need and 21% wishing they had planned more.
- Those who left work before reaching state pension age or who lack salary-based pensions that rise with inflation face tougher choices to keep income steady.
- Standard Life says retirement is becoming more flexible and urges part-time or phased roles along with regular checks on pension income and withdrawal rates.