Retirement alert as early exit from work can 'damage financial resilience'


Helen Morrissey, senior pensions and retirement analyst at Hargreaves Lansdown, said: “Leaving the workforce early can have an enormous effect on someone’s financial resilience in retirement as well as their physical and mental wellbeing.”

These comments come after new ONS data on the impact of homeworking on older workers have been published.

The new data is not the first to show that flexible working is a factor in enabling older people to continue in the labour market for longer.

It also found that the typical characteristics of those who exit work early and those who didn’t transition to home-working were similar.

“They tend to have poorer health, lower well-being, live in deprived areas and have lower or no qualifications”, the ONS report said.


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