Welfare News Service (UK) - Newswire

Research shows only 10% of over 65s carry on working in 2014 compared with more than 50% in the 1890s

Official statistics put the number of workers aged 65 or over at 1.068 million as of October this year, a rise of 33.5 per cent on the 800,000 in work in May 2010.

The Financial Services Consumer Panel is calling for 'urgent reform' to the pensions annuities market as the watchdog warns it "does not work well for the majority of consumers".

The Office for National Statistics said private pensions increased markedly from 2007 onwards, while those in work saw wage cuts or freezes.

HMRC inquiry found that 48% of employers under investigation paid workers below the minimum wage.

HMRC has identified £338,835 in backpay owed to 2,443 workers, underpaid by 48% of 183 employers under investigation

Over-50s are more likely to fall victim to age discrimination as much as the lack of job vacancies, making them prone to longer spells out of work

Annuity provider Partnership found that 71 per cent of 50 to 65-year-olds said they will need to have a supplementary income when they come to retire.

Analysis by Close Brothers Asset Management reveals nearly 8% of firms that have auto-enrolled saw some workers refused due to their very small contributions.

According the figures released by the Department for Work and Pensions, Watford has the highest rate of employment among older workers.

The cost of providing the State Pension will quadruple in 50 years if the government fails to increase the pension age quicker, figures from the Office for National Statistics show.

Some insurance companies and pension providers have been heavily criticised in a report on the sale of annuities to people when they retire.

Last month's increase to the minimum wage could mean that some carer's will no longer be eligible to claim Carer's Allowance, losing nearly £60 per week.

Care sector workers are in line for nearly £340,000 in back pay as a result of investigations by HMRC.

GMB report shows half a million young people provide unpaid care every week

120 providers to be investigated by HM Revenue & Customs over contract bids that are too cheap to pay legal minimum