Employers must harness the potential of older workforce as ONS stats show number of over 65s still in work has doubled - Royal London
11 September 2018
Commenting on the publication of today’s Labour Market Statistics which shows the huge growth in the number of people in employment post age 65 Royal London’s Pensions Specialist Helen Morrissey, said:
“Today’s statistics show the phenomenal rate of growth in the number of people aged over 65 still in employment. Between January 2006 and July 2018 the figure has more than doubled from 607,000 to 1.26m. This is due to many reasons, people are able to work longer because they are healthier and many want to remain in employment after the age of 65. They have lots to offer in terms of their experience which can be passed down to younger generations. Employers must continue to harness this valuable resource by providing working environments where older workers can thrive.”
Notes to editors
Labour Market Statistics can be found here https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/articles/labourmarketeconomiccommentary/september2018
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Helen Morrissey, Corporate PR Specialist – Long Term Savings
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Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £117 billion, 8.8 million policies in force and 3,745 employees. Figures quoted are as at 30 June.
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