Men and women retiring later

Workers are delaying their retirement and staying in paid employment for longer. Retirement figures show that both sexes are opting to give up work later. The average age that men and women choose to retire has risen over the years, according to figures revealed by the Office for National Statistics. Between 2004 and 2009 the average age at which men stopped working rose from 63.8 years to 64.5. During the same period the average retirement age of women increased from 61.2 to 62 years.