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Employees 'plan to work longer'

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There has been an increase in the number of people intending to work after the state pension age of 65, business insurance holders have learned.

A poll of 2,000 workers by the Chartered Institute of Personnel and Development (CIPD) found that 71 per cent think they will still be in employment after this age, increasing from 40 per cent two years ago.

Charles Cotton, reward adviser at the CIPD, said that business insurance holders need to consider how they will accommodate and motivate employees who stay in the workplace past retirement age.

The survey also found that just 46 per cent are enrolled in a pension plan with their current employers, with this proportion falling to 23 per cent for those aged 18 to 24, which may concern business insurance holders.

"Employers need to review how they are helping their employees save for retirement to get value from their pension spend from 2012 onwards," Mr Cotton added.

Last month, research from the University of Nottingham claimed that employees over 55 tend to be the least stressed people in the workplace.
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