Life insurers need to remove age restrictions as Brits get ready to work into their 70s
Mon, 15 Nov 2010
People in the UK expect to work beyond the new default retirement age of 66, with 40 per cent saying they intend on working past the age of 70, suggests a new report conducted by Friends Provident .

The report, called Visions of Britain 2020: Ageing and Retirement, questioned 1200 individuals across the UK to see what the nation is thinking and gauge its views towards retirement. When asked at what age they think they will retire, it was revealed that the average worker expected to retire at 67. However, when asked what age they would like to retire, the average response was 62.

With the planned changes to the retirement age and reports such as the one above, it is now becoming a priority for insurers of health, life, critical illness and investment products to remove age restrictions on when people can take up cover, when cover ceases, and expected retirement ages.
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