surprisingly modest when translated into the implied effect on average retirement ages: an increase in statutory pension ages by … one year is typically estimated to increase the average effective retirement age by only about two months. …

This report is designed to provide new evidence on retirement patterns in the UK, as part of the Pensions Review, a … financial security in retirement. Understanding patterns of retirement at older ages is key to understanding the challenges … facing pensions systems, as pensions are designed to enable households to finance spending in old age when people are no …