Forties People

A new study has found that retirement prospects among recruitment business owners are beginning to improve following the recession.

The latest quarterly survey of more than 1,000 companies conducted by Clifton Asset Management (CAM) has revealed that over three-quarters (77 per cent) of recruitment bosses believe their retirement to be further away now than it was this time last year, a figure slightly lower than the 80 per cent recorded in the final quarter of 2009.

CAM also found that attitudes towards retirement vary across the country. In the East Midlands, 90 per cent of professionals say that their retirement hopes have receded, while in the south-east this figure stands at 68 per cent. Meanwhile, 86 per cent believe this to be the case in the north-east.

Ages between 60 and 65 remain the most popular time to retire according to the survey, but 18 per cent of senior staff said they had no plans to end their career yet. Delaying retirement is most commonly due to dropping pension and property values (22 per cent) and tougher trading and market conditions (55 per cent).


Posted by Mary King