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Work one year longer to boost pension

By working one year longer, an average earner could boost their pension pot by around £4,500, in addition to earning an extra year’s salary. Conversely, an average earner retiring 10 years early could see their pension pot shrink by a third. Around 2.9 million people aged between ...
Posted on Sep 4, 2014 at 13:46

Employed over 65s exceeds 1million

The number of over 65-year-olds working has increased to more than a million since the coalition came to power, according to research. There had been a 36 per cent increase since May 2010, to 1.09 million, partly following the abolition of the default retirement age. The number of 50 to 6...
Posted on Aug 18, 2014 at 15:25

UK unemployment rate falls to lowest since 2008 - but pay suffers dip

The UK's headline unemployment rate dropped to 6.4 per cent in the three months to June, which is down from 6.5 per cent in May and the lowest level since late 2008. UK employment rose in the second quarter of this year to 30.6m, up 1.5 per cent on the same period last year, equivalent to...
Posted on Aug 13, 2014 at 13:00

Recruitment is highest for 16 years

UK firms intend to hire staff at the fastest rate for 16 years, research suggests. Accountancy firm BDO said its jobs index for July, which measures hiring plans over the next three months, was at its highest level since 1998. A "significant uptick" in hiring plans by services f...
Posted on Aug 11, 2014 at 11:46

Wage growth still sluggish

The CIPD has released its quarterly Labour Market Outlook (LMO) survey report of 1,000 employers, revealing that wage growth is expected to remain weak even though output is growing strongly and the jobs market is buoyant. The professional body for HR and people development is arguing that on...
Posted on Aug 11, 2014 at 11:30

More over 50s starting their own businesses

Growing entrepreneurial spirit among older workers will help to push the number of people aged 50 and over who own their own business to a record two million before the end of the decade, according to a report. Britons are increasingly shunning retirement and starting their own companie...
Posted on Aug 4, 2014 at 11:05

Fancy taking a gap year after 50?

Taking a gap year is no longer just for the young, with the extended breaks gaining popularity with those who are long established in their careers. Now the practice of over-50s taking these breaks – which despite the name can last for just a month or so, or extend for as long as a year...
Posted on Jul 25, 2014 at 14:17

Over 50s take out loans to go to college

Britain’s over 50s are claiming up to £67 million a year in student loans that they are never likely to repay. Figures obtained through the Freedom of Information Act show that more than 5,000 over-50s – including some pensioners in their 60s, 70s and 80s – have taken ...
Posted on Jul 8, 2014 at 14:33

Why so many small businesses fail

They say if you are going to fail, fail fast. But while this is the standard advice given to entrepreneurs whose startups collapse in the first few years, it does raise the question: are some of these failures preventable? Theo Paphitis thinks so. The serial businessman, who left the BBC2 sh...
Posted on Jul 8, 2014 at 11:53

Conference to focus on unemployed 50 somethings

Jobless adults who have been ‘forced out’ of the workplace will be the focus of an open conference led by  Work and Pensions Secretary Iain Duncan Smith. Following the government’s pledge to help over 50s get back into work, Mr Duncan Smith will be speaking about the wa...
Posted on Jul 4, 2014 at 14:52

Over 50s are becoming the entrepreneurial generation

The Global Entrepreneurship Monitor (GEM) UK 2013 Report has found more people than ever before are starting a business beyond the age of 50 – a reversal of historically low entrepreneurial activity in this age bracket. It also reveals that the UK outperformed European comparison countr...
Posted on Jul 4, 2014 at 10:39

Over 50? Excellent. You're hired!

As more middle-aged workers retrain for a second career, a new generation of apprentices is competing for work. There is an episode of the BBC spin-off Young Apprentice in which Lord Sugar invites his precocious charges to the Natural History Museum. Standing against a backdrop of a dinosaur ...
Posted on Jun 18, 2014 at 11:11

Growth vouchers introduced for small businesses

The government has launched the Growth Vouchers programme to identify the type of advice that most benefits small businesses. The Growth Vouchers programme will distribute vouchers to approximately 20,000 small businesses in England. Half of the businesses will be selected to receive a vouche...
Posted on Jun 4, 2014 at 11:51

Too old to work at 50? Rubbish!!

Hitting your 50th birthday makes you “old” in the eyes of bosses and less valuable to your employer, according to new research by KPMG. The findings came after executives and human resources (HR) directors were quizzed by the consultancy firm about their attitudes to managing olde...
Posted on Jun 3, 2014 at 11:43

Record economic growth in May says CBI

Economic growth reached a record high in May, posting the highest reading since data began in 2003, according to the latest CBI growth indicator. The survey of 726 respondents across the manufacturing, retail and service sectors registered record high growth in business activity, with a bala...
Posted on May 30, 2014 at 11:50

Big rise in numbers of older workers

The findings are taken from the latest ONS Labour Market Statistics, which also revealed that the number of people in employment had risen by 283,000 during the most recent quarter and that unemployment has dropped from 7.2 per cent to 6.8 per cent during the first three months of the year. T...
Posted on May 30, 2014 at 11:28

Small firms are positive about business expansion but are working longer hours

New research has revealed that while 98% of UK small businesses are optimistic about their company's growth in 2014, they are having to work their fingers to the bone to make that a reality. The survey by eFax, which interviewed small businesses from a range of industries such as financia...
Posted on May 30, 2014 at 11:21

More over 50s letting out spare rooms

The number of 55-64 year olds taking in lodgers has risen by 93% in just two years, research has revealed. UK retirees could earn £128,639, and Londoners £176,341 by renting out just one spare bedroom in their retirement years. According to house share website Spareroom.co.uk&...
Posted on May 7, 2014 at 12:07

Pity the other over-50s facing unemployment not David Moyes

Inevitably, much has been made of the departure of David Moyes from Manchester United. It is very hard to look at David Moyes as merely a statistic, another 50-year-old who has lost his job, a middle-aged man who must now confront the idea that his best, most productive, most fertile years ar...
Posted on Apr 24, 2014 at 11:32

People start worrying about old age at 50

April 22, 2014: Turning 50? Time to start worrying. Rather than being an exciting milestone, many of us regard 50 as the age when we start to become anxious about getting old. Researchers found that the days after turning 50 are the time when many of us become anxious about the prospect of he...
Posted on Apr 22, 2014 at 12:09

New technology is not just for the young

April 21, 2014: BRITONS over the age of 50 are increasingly keeping up to date with technology and fashion, thanks to gadgets and trendy clothes being "handed up" by their children and grandchildren. A survey of almost 10,000 over-50s found these "hand-me-ups" are helping ...
Posted on Apr 21, 2014 at 11:57

Over 50s and self employed lead the rise in overall employment

April 17, 2014: The recent improvement to the UK labour market has been spurred by a surge in the number of freelancers as well as an increasing number of older workers. The five-year low for unemployment announced by the Office for National Statistics (ONS) yesterday has been ...
Posted on Apr 17, 2014 at 11:13

Companies missing out on government employment incentive

April 9, 2014: British business owners are largely indifferent to or oblivious of the government's Employment Allowance, which came into effect this week. Research from the Bank of Cyprus UK, which asked 500 owner-managers about the impact of the plan found that 44.2 per cent said while t...
Posted on Apr 10, 2014 at 14:35

Over 50s increasingly turning to self employment

April 3, 2014: There has been an increase in the number of over-50s opting for self-employment in recent years, according to new data. Figures from the Office for National Statistics (ONS) show that older people have contributed more than 70 per cent to the rise in self-employment during the ...
Posted on Apr 4, 2014 at 16:18

Record numbers of older people in work

March 28, 2014: Around 1.1 million employed people are now aged 65 or over. This is twice as many as in 1992. Pensions Minister Steve Webb said: "These striking figures show that employers clearly see the positive value in employing older staff. Retaining older workers benefits the whole...
Posted on Mar 28, 2014 at 11:38
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