Nearly one in ten retired people over 55s have resumed work or are actively seeking to do so, according to a new report by Standard Life.Though one third (34%) said they had “unretired” because of increased living costs, 27% had found their pensions insufficient to live off and a surprising 38% cited boredom, 43% simply wanted to treat themselves – spending more lavishly on travel, for example. The report highlights the way gradually easing into retirement by working a few days a week after the age of 66 can significantly boost pension pots. Mike Ambery, Standard Life’s retirement savings director, said: “In future it’s likely that more people will shun the traditional cliff edge retirement and instead gradually reduce working hours or take on part time work.
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