Pensions - Articles - One thing Clinton and Trump have in common


Steven Cameron, Pensions Director at Aegon said: “Regardless of who wins the presidential election, the US will soon have a president who has opted to work well beyond traditional retirement age in arguably the most high pressure, full-time job available worldwide.

 • Trump aged 70 and Clinton aged 69 are both working past traditional retirement ages
 • In the UK, healthy life expectancy at 65 is 10.3 years for men and 10.9 years for women
 • Those in ‘retirement’ supplement their income with earnings of £148 per week

 “The presidential hopefuls are in good company. There’s a growing trend towards working to a later age with 1.2 million people in the UK workforce aged 65 or over. Pensioner households are now typically supplementing their incomes with an average of £148 per week from employment and this trend looks set to continue as generous defined benefit pensions become increasingly rare. While it’s good news that more older people have the option of working to a later age, not all will want to. Average healthy life expectancy at 65 is around ten years, but for some this figure will be less and they may be unable to work. It’s therefore important that people start making retirement provisions early so that it’s a personal choice over whether or not to keep working rather than a financial need.”

Back to Index


Similar News to this Story

Wish list for the occupational pensions industry in 2025
As one year closes and another begins, it's an opportune moment to set our sights on the future. The UK occupational pensions industry faces nume
PSIG announces outcome of Consultation
The Pensions Scams Industry Group (PSIG), which was established in 2014 to help protect pension scheme members from scams, today announced the feedbac
Transfer values fell to a 12 month low during November
XPS Group’s Transfer Value Index reached a 12-month low, dropping to £151,000 during November 2024 before then recovering to its previous month-end po

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.