Working in retirement is not only increasingly necessary, it’s also good for you

Older female workers

Retirement just isn’t what it used to be. When retirement was invented, people didn’t survive much beyond retirement age, so it was understandable that most wanted to spend what little healthy time they had left on leisure activities and relaxing. This was the old-style, cliff-edge or “true” retirement in the purest definition of the term – an abrupt cessation of all work-related activities and the commencement of the pension, which in those days typically went a lot further than today. 

The term ‘retirement’ doesn’t really have a place in modern society, largely because most early ‘retirees’ continue to work in some form or another. They may not continue to work full-time 9-to-5, but flexible, occasional, part-time work, even if only for a few hours a week, is still work. And volunteering is also a sort of work, even if it is unpaid.

The slow evolution from true, old-style retirement to the modern ‘non-retirement’ retirement is largely driven by three very important factors. Firstly, the typical 65 year-old today (both men and women) can expect to live another 10 years-plus in good health before time and ageing finally catches up. And for many, the 10 years cannot be fully occupied by golf, cruises, playing bridge, watching TV or looking after the grandkids! Secondly, pensions aren’t what they were and many more people are forced to supplement their retirement income by continuing to work. As people live longer and the proportion of the population over the age of 65 grows it becomes increasingly difficult for younger people in full-time work to pay enough taxes to maintain State pension levels. The decimation of many pension funds by the recent recession hasn’t helped either. And thirdly, people yearn for purpose, structure and self-fulfilment in their lives which, besides the occasional serious hobbyist, is most often provided by voluntary or paid work, or a combination of the two.

In a recent Trading Times survey of a thousand over-50 candidates who registered with the flexible job-matching service, the response to the question, “What is your primary motivation for seeking flexible paid work opportunities?” was supportive of this trend:

  • 43% said they enjoyed working and wanted to keep their hand in;
  • 26% said they enjoyed keeping active and being connected;
  • 15% said they felt obliged to give something back, pass on their experience or be a mentor;
  • And only 5% said their primary motivation was to earn money.

Being able to work longer is a good thing. Older workers also have one major advantage over younger workers. They have more freedom. Freedom to choose the type of work they do, when they do it, how long they do it for, and the ability to stop and/or change when they want to. More over-60s today are studying, starting new businesses, becoming self-employed and exploring how their skills may be transferred to new careers than ever before.

By taking the time to select the right role, one can continue to have all the benefits associated with working and very little of the drawbacks. Working just half a day a week can help address all of the four key elements of a successful retirement: developing new social networks; being creative and challenging the mind; ongoing learning and personal development; and having fun. Working also helps avoid the anxiety, depression and isolation that are so frequently the pitfalls for those entering retirement while looking back on the career they’re so desperate to leave without looking forward in anticipation to what their next 10 years might bring.


Opportunities for a fuller life. (in support of Trading Times deployment in Camden)

Trading Timers at work

We hear constantly about the demographic time bomb, about the babyboomers who are stealing our prosperity, and about the unsustainable cost of the older generation. But, people are now living longer, healthier and more productively than ever before. The typical 65 year-old in Britain can expect to live another 10 years in health and wellness, before approaching older age. People in their 60s are now more likely to be well qualified, have decades of work experience and have good computer skills.

We need to start thinking in terms of positives, and what this means for our society. We are not, as many would claim, living in a society full of old people. We are, in fact, living in a society where each and every one of us can expect to live longer. This has to be a good thing. So, what are the hidden benefits within a society where people in their 60s are now considered young?

Think of the wealth of knowledge, experience and wisdom that builds up over a career. Can we really afford to let this fit productive resource pool go to waste? Think of the benefit to the millions of small businesses across the UK of more experienced workers who are more willing to work flexibly and part-time, and who can accelerate the development of younger workers through the transfer of their knowledge.

Virtually every sector of the UK economy is facing skills shortages, as fewer people graduate each year from academic institutions than are required by employers. More and more will the rhetoric start changing from ‘older’, ‘aged’, ‘retirement’, ‘pensioner’ to one that more accurately reflects the dynamism and potential of the experienced worker.

When retirement was first invented, people didn’t live much longer than the retirement age, and so were inclined to make the most of the time they had left in pursuit of leisure activities. Now, with an additional 10 years plus at your disposal, people need a better plan for living fuller, richer, rewarding lives. People are now more likely to incorporate a midlife career review within their plans and explore how their skills can be put to good use in the most rewarding of ways. Volunteering has long been part of retirement plans, but increasingly, people in their 60s are turning to part-time paid work, self-employment and starting small businesses as preferred ways to find the purpose, self-fulfilment and reward they aspire to.

Camden has a vibrant and rapidly growing local economy, with the second highest small business startup rate in London. 21,000 new jobs are to be created across the borough in the next 7 years. Camden has also at its disposal a resident population of experienced, knowledgeable, qualified people, many of whom are in their 50s, 60s and 70s. We should and can be doing more to raise the awareness and appreciation of this resource in the eyes of local employers.

Trading Times is a confidential online service that matches the skills and availability of people over 50 (and family carers) with the resource needs of local employers – for the purposes of paid flexible work. Trading Times won a national Design Council service innovation award and is backed by Nominet Trust and UnLtd. The service is entirely free for all candidates.

Re-thinking employment in an age of no retirement

A tectonic shift is coming. Of that you can be sure. The economic, demographic and political plates have been moving for decades now and the pressure has been building. Change is inevitable as the socio-economic forces seek to find a new equilibrium. It might take years, even decades, but the sooner we recognise it, debate it and give it credence, the better will we be able to take advantage of the enormous opportunity that now presents itself.

The demographic & societal ‘plate’:

  • Life expectancy is now approaching 90, and it won’t stop there;
  • Healthy life expectancy is also extending, so that the average 60 year old can expect a further 11 years of healthy life;
  • Plus50 workers tend to be more emotionally intelligent, resilient, and loyal than their younger counterparts, and of course come ‘pre-loaded’ with 20+ years of skills and experience;
  • Research has proven that the productivity of plus50 workers is at least as good, if not better, that their younger counterparts;
  • Over-50s are increasingly tech-savvy, many having been working in the PC, email, Internet world for 20+ years;
  • 5-year survival rates of businesses started by plus50 entrepreneurs are 2.5 times as likely to reach their 5th birthday as ones set up by younger entrepreneurs;
  • 36% of the UK population is over 50, and growing;
  • Without a shift, there will be too many people outside the working economy supported by too few people in the economy.

The economic & political ‘plate’:

  • Government simply cannot afford to pay pensions to a growing proportion of the population that is beyond the age of 60 or 65;
  • Hence, the statutory retirement age has been scrapped, so that no company can dismiss an employee simply for reaching the State Pension Age;
  • And, the State Pension Age (SPA) as been shifted to 68, with further legislation put in place to move this even further to 70 or beyond;
  • The Department for Work & Pensions (DWP) is currently working on a new policy (due for publication this month or next) called “Extending Working Lives” to encourage and support working up to and beyond the SPA.
  • The Department for Business, Innovation & Skills (BIS) has commissioned a research piece from NIACE (the National Institute of Adult Continuing Education), to make recommendations on how adults can best access ‘Mid-life Career Review’ consultation and education services;
  • BIS is also working on extending their recent ‘Right to Request Flexible Working’ policy, that originally helped address the flexible working requirements of family carers, to all workers in all sectors across the UK;
  • And DWP is working on a handbook for employers to give to employees to help them plan for a richer, more productive retirement, to include (part-time) working;
  • There is a growing skills shortage in the small business sector that is increasingly limiting their ability to develop, grow and innovate;
  • The trend towards flexible, portfolio careers is accelerating with more people becoming self-employed and delivering services to multiple customers or employers.

The shift:

So the case is clear. There are more people over 50 than ever before. They are healthier, more skilled, better educated and more committed than ever before. Government cannot afford to pay them pensions until much later and it needs them to work longer. And, businesses need their skills. Small businesses and startups (which make up 95% of all UK businesses) have a particular advantage here as the over-50’s preference for flexible or part-time work helps them acquire the breadth of skills they need with their limited resource budget.

So why are we not seeing accelerating careers beyond 50? Why is the drop-off in employability so steep? I think it’s too easy to simply blame ageism stereotypes and discrimination. I think employers recognise and retain quality employees when they see them, regardless of age. I think it’s more a combination of the status quo not being challenged enough (why are success stories the exception and not the norm?), and also the lack of connecting mechanisms that enable employers to access this rich plus 50 resource pool.

A new debate is needed. One that is led by employers and not by Government policy makers or lobbyists. A debate that abolishes redundant and unhelpful vocabulary such as; age, old, retirement, pensioner, baby boomer, silver service. And replaces it with a new vocabulary that speaks to capability, productivity, commitment, energy and potential of this workforce. We are all the same after all, just at different stages on the experience continuum. There is no drop off, no hard stop, no point at which decades of experience turn instantly to redundancy. It’s simply continuous personal development, and something that employers should begin leveraging for competitive advantage.

I think it’s time to call a conference to host a resonant debate.

And we’re going to do just that.


Small business employers are missing a trick! The fools? It’s right under their noses.

Incredibly, there are 5 million businesses in the UK. Even more incredibly, 99% of them are SMEs (small or medium sized enterprises). Collectively, all the SMEs together employ many more workers than the big corporations, in fact, two thirds of all UK workers (18.5 million) are either self-employed or work for an SME. Another interesting fact you should know is that only 25% of all UK-registered business actually employ anyone. In other words, 75% of the SMEs have just one worker – the self-employed boss, salesperson, project manager, business strategist, secretary, ops manager, invoice chaser and bottle-washer – all rolled into one.

It’s not difficult to see why new business startups fail on such a spectacularly massive scale. That only one in three new businesses is alive to see its third birthday. It’s not only that starting a new business needs a brilliant new idea at the right time and at the right place. It’s also not only because starting a new business takes money and time (time also being money for the entrepreneur between salaries). I believe it is largely because, as a sole trader or a micro-business, there are simply not enough skills and experience in the business to enable it to operate to its full potential.

Big businesses have divisions. In each division they have departments. In each department they may have business units. Each business unit will have one or more managers, each with a team of multi-skilled and experienced people at his/her disposal, each with specialist job roles. Each team will have administrative, secretarial, financial, HR and other support staff at their disposal. Imagine what a micro-business could get done with that sort of human resource muscle.

Instead, small businesses spend most of their time delivering products or services to their clients. They typically don’t have enough time to do their marketing, and certainly very little time to strategise. They’re too busy achieving service delivery excellent, fire-fighting and chasing payments. And they certainly don’t have the money to build a multi-disciplinary, multi-skilled and experienced team. Or so they think.

The vast majority of small businesses grow their staff (profits permitting) in increments of permanent specialist employees. The founder’s first plus-one would typically be the sales manager or the office administrator, employed on either a full- or part-time basis. This might be followed by a personal assistant or financial controller or ops manager. Hiring is expensive and spending a minimum of £10K to £15K per annum for each part-time specialist skill quickly adds up to a large annual wage bill, made even larger by tax, National Insurance and additional overheads. How can a small business generate enough extra revenue to cover these costs, and is it sustainable, i.e. is the new team able to deliver more than the sum of its parts?

Along with technology and communications advances which make operating a small business cheaper and easier, and the recent innovations of ‘Agile’ and ‘Lean’ startup approaches, small business also need to embrace a much more flexible approach to building a dynamic impactful team capable of rapid and sustainable growth. After all, in the modern business world, the cost of human capital is the greatest single business cost. Period. Imagine if small businesses and business startups could build an effective multi-disciplinary team with all the skills and experience they need, and could do so affordably. Wouldn’t that give them the best chance of success? Wouldn’t it enable them to grow and achieve their full potential? Of course you agree, but I also hear you say that it would be nice if it rained £20 notes too.

The reality is that this is achievable. You just need to know where to look and what to look for. Let me pose some questions to you:

  • Would small businesses benefit from skilled, committed workers? Obviously.
  • Would small businesses benefit from highly experienced workers offering discounted rates? Sounds too good to be true.
  • Would small businesses benefit by only paying for these workers when, and for as long as they need them? Clearly.
  • Would small businesses benefit from hiring more self-employed, contract or freelance staff? Yes, provided bullet 1 above wasn’t jeopardised.

Well then. Here’s the answer.

Skilled, experienced, flexible, dedicated, committed and wise: the Plus50 workforce!

Demographic shifts have opened up a new population group – and an amazing opportunity for small businesses. When retirement was invented, people went straight from a career into old age. Now, as life expectancy has moved towards 90, a 10- to 15-year healthy life space has been created between the full-time career and older age. Research has indeed proven that people in this space are as productive as those in their twenties. People coming into retirement now are IT literate (many have been emailing and internetting since their 40’s, and Facebooking along with the rest of us). They’re as likely as not to be able to out-hike, out-jog, out-crosstrain, out-swim many half their age. They are also more positive, balanced, emotionally intelligent and resilient than younger workers. And typically they’re not looking for full-time careers – just to keep active, stimulated, keep their hand in, and give something back. They’re also usually available flexibly and at short notice, and equally happy to be employed, self-employed or work as a freelance contractor. It’s amazing the early-retired skills available on your doorstep – offering 30, 40 years of work experience.

Build the team of your dreams. Make your business awesome. Tap into the plus50 resource pool today. It’s common sense!

Retirement can be 1/3 of your life. What do you intend doing with it?

now what

I need your help here. Responses, comments, ideas, insights, epiphanies – all eagerly welcomed. This discussion is starting to resonate nationally and we should all be participating in it. After all, it’s our lives and our futures that they are talking about.

Is the retirement cliché true? Is retirement all about golf, cruises, gardening, grandchildren and blissful chill-time?

Or is it something else? Something more challenging, productive, meaningful. Something more akin to college graduation with your whole life before you, than to the waiting room of redundancy prior to old age?

A new debate is required and the old concepts, and indeed the language of retirement, need to be updated to reflect modern demographic, economic and social trends. People are living longer and will continue to do so. In the last 100 years, the proportion of the population between 65-89 years old has tripled from 5% to 15%. There are now 12.5 million pensioners in the UK, a number that will grow by 30% to 16 million in 20 years.

People are also living healthier. Life expectancy at the age of 65 is roughly another 20 years, almost 11 years of which are spent in good health, body and mind. When retirement was invented, people were only expected to live another 10 years at best, and these years were mostly ones of ill health. Now we have a bonus 11 years – equating to 25% of the average 20-65 year working life! Can we really sit around, watch telly, coffee with friends and play with the grandkids for that long?

There is another pressure that is building and that will also influence how we spend these 11 years. In 1950 there were 12 working-age people for every person over 65. In 2011 this was down to 8.5. In 2050 it will be 4. This begs the questions: ‘How will so few workers pay sufficient tax to provide State pensions for so many for so long?’. Will the Government increase retirement age so that the 11 years shrink towards zero? Or, will retirees be forced to work to supplement their pensions?

There are now more than 1 million workers over 65 in the UK, many of whom are self-employed or have become start-up entrepreneurs. Interestingly, 70% of over-50 startups are still operating at 5 years (vs. only 28% for under-50s). These employment statistics are set to grow rapidly, and the Government is encouraging this through initiatives such as: ‘Extending working lives’ (due for launch March 2014); ‘Extended right to request (flexible working)’; ‘Midlife career review‘; and employer toolkits for soon-to-be retirees (currently in development).

Retirees are more vital, productive, motivated, experienced, educated and healthy than at any time in history. Why is it then that many pre-retirement adults think that retired people play no part in the economic prosperity of the UK? Is UK’s ageing population a threat to our economic and social prosperity?

Below I provide two descriptions of retirement. Which one suits you best? Why? Is it a neat fit, or is more complex than that? Are the clichés true, or have we moved on to a new reality? If you can expect retirement to be a third of your life, and for much of that to be healthy, what do you intend doing with it?


After a long and fulfilling career, John is now looking forward to a relaxing and untaxing retirement. He has saved diligently and has a good pension so that, if careful, he will have enough to support his and his wife’s modest lifestyle. John is looking forward to spending more time with family and friends and spoiling his grandchildren. He’d also like to discover a few more hobbies and do some last-minute-bargain travelling. Gardening, DIY and friends can fill in the gaps.

It is a year later now, and all the activities and constant scheduling have become a little tiresome. Family and friends are great, but in moderation, and John’s knees are requesting a slowdown in the hiking and exercise. He’s been on a cruise and a few trips to Europe which were great, but expensive. John is beginning to feel like he’s a hamster on a wheel. Like none of the activities are really able to replace the emptiness he felt after leaving work. John really liked working. He liked feeling needed, and that he had purpose and structure. He feels an increasing sense of being redundant and he thinks he’s becoming a little depressed. John’s still relatively young, fit and healthy. He needs something more challenging and meaningful – like he’s not quite finished building his legacy. John decides to rethink his retirement plan…


‘Retirement’ has been looming large for Jane for some time now. She hates the word and resents the label even more. Jane doesn’t feel like a pensioner, but her State pension confirms that she is. Jane hasn’t worked for a while and has been largely occupied by her family, friends and caring for her sister who lives nearby. The last of Jane’s three children has just left home and so she now has much more time on her hands. She decides to get on with it and plans to make the best use of the time she has left. Jane used to work as a financial controller, but she’s a good amateur photographer and has always wanted to do garden design or landscaping. She decides to explore both and approaches the local colleges to see what courses are available.

It is now six months later  and Jane has enrolled on a computer skills training course and has just completed the PRIME self-employment startup course (Prince’s Trust). She is very excited about starting her own small garden design consultancy and is going back to college for a 6-month crash course in garden landscaping. Jane still finds time for her family and picks up her grandchildren from school twice a week. She’s spending much more time with her friends who are like-minded and equally keen to push the boundaries. In fact, they seem to be inspiring the best out of each other. Jane is a little nervous about starting her own business, but at the same time she’s never felt more excited or alive. Her new camera lens and tripod have just been delivered and she’s in the garden taking pictures for her new website.

Use the comment section below to add to the discussion. What are your plans, ambitions, hopes and fears? What does retirement mean to you? I’ll be publishing a follow-up blog with the findings, and some of your choice quotes. Who knows, we might have the makings of a national newspaper article!

Statistics obtained from the “Ageing, longevity and demographic change: A factpack of statistics from the International Longevity Centre-UK, July 2013“.

Do public servants really serve the public?


I accept that in many, if not most, cases a job is in fact just a job. Few people find their true calling or are lucky enough to earn by doing what it is they truly enjoy doing.
But when it comes to public service a job should not be just a job. Public service demands something more from people – something in addition to the more selfish financial and gratification aspects of a job. It requires a commitment to support and promote the welfare of others, something that should come from an internal desire to help, not something that need be mandated.

The public servant is driven by the smiles, satisfaction and progress of citizens who have benefited from their endeavours. The public servant’s moral compass is true, unwavering and does not dim with the passage of time, no matter the setbacks.

But, reality (in my experience) is different.

Here is a small anecdotal case in point. An example of the apathy of the many and the proactivity of the few.

A fortnight ago I wrote to every London borough council. I sent five personalised letters to each. Two to the councillors responsible for adult service and local regeneration. And three to the chief executive and the two directors, also of adult services and local economic regeneration. I wrote, addressed and signed a covering letter informing them of the existence of Trading Times as a new and free social enterprise to help over 50s and family carers find paid flexible work opportunities. I politely asked for mention to be made of Trading Times in their local newsletters, social media and other communications for the benefit of their local communities. I also enclosed five A5 flyers and a copy of our 6th of January press release. (I have attached a copy of all of these to this blog).

33 councils. But I didn’t include Barnet as I’ve already received and continue to receive massive support from this borough council. In fact, a key component of my covering letter was the keynote quote from the Director of Adult Services of LB of Barnet, one of our biggest supporters. So 32 councils, 160 letters.

That was 14 days ago.

All I can say is, ‘Thank You, Hillingdon!’

Were the rest all too busy? Were they all on holiday? Too lazy? Did they just not care? Possibly it’s a case of ‘not invented here, so can’t be any good’. Maybe they don’t read their mail.

OK, I am the founder. And I am completely biased. Of course, Trading Times is an incredible must-signup-to service. What’s not to get or like? But, one out of 32! How difficult is one tweet or a post? How difficult is a couple of sentences on the extranet or in the local newsletter? Trading Times has credibility (winner of Design Council & Department of Health “Design Challenge”, winner Barnet Big Society Innovation Bank award). Trading Times has received grant funding from UnLtd and Nominet Trust. Trading Times is a social enterprise with a big socio-economic impact objective. And it’s free for all over50 and carer candidates. We’ve also recently extended it to include all single parents (fathers and mothers).

The leaders in Hillingdon council get it. They tweeted, they emailed me, they included Trading Times in their newsletter and on their extranet. In the two days that followed, more than 200 Hillingdon residents visited the TT website, many of whom registered with the service. I am looking forward to visiting the Hillingdon plus50 and carer forums and meeting with the local regeneration team.

All this from just one interested civil servant doing what they’re supposed to do – looking out for the best interests of their local residents, particularly the more vulnerable, marginalised groups. It probably took no more than an hour in total, but it had such a big impact, one that will probably gain momentum as it makes its way across the Hillingdon social newswires.

Laziness, apathy, lack of interest are all dangerous things in public service. Not everyone is suited to it. I’m not sure I have what it takes. To truly care, to strive for the best, to be always aware, constantly questionning, to never stop looking for the next service innovation.

Barnet gets it. Hillingdon gets it. I am really surprised more do not.

My left hip replacement – isn’t that for old people?


10 knee-raises every hour the physio says. The first one’s the killer. My 15 cm glue-sealed scar looks like a shark wound –  a neat one though, like he had braces as a kid. Thankfully it’s still numb. The spinal block and other in-op painkillers are keeping the wolves at bay. It’s plus 17 hours now. 17 hours with my new ceramic-and-titanium left hip.

This has been coming for 7 years. First the twinge when jogging, then the occasional shooting pain when hiking, eventually limiting walking to 20 minutes and preventing me playing with my kids. I am 45.

When I told people I needed a hip replacement they invariably replied with, “But you’re so young!”. My surgeon reassures me that there are many young people, even as young as 18, who undergo hip replacement, but a brief visit to the National Joint Registry (njr informs me that the average age of people undergoing the more than 80,000 hip replacements in the UK every year is 68.

What is young and old? There’s no clear line. Some people are young, but behave old. Some older people behave young. It’s a complex thing. Mental, physical, behavioural, attitudinal. What makes healthy people act old, and old people appear young? I feel young, but my hip’s been making me act old for years. It seems to me it’s all about how one approaches things. How one is internally self-motivated, and how this is communicated to others on the outside. Youth is more about how you go about fulfilling your potential than it is about chronology. It’s what you do, how you represent yourself, and how you’re perceived by others.

Since starting Trading Times last year, I’ve been inspired by the vitality, motivation, commitment and drive inherent within plus50 Britain (people traditionally labelled as old, or getting there). Inspired to want to change the way this enormous demographic resource is viewed, embraced and utilised. Not inspired for pity’s sake, inspired by a genuine new-found respect. We need to change the descriptive language and attitudes, as well as the role the ‘young-old’ play in our economy and society. Redundant, old, elderly, pensioner, retiree must all be replaced by some other language that occupies this new space between middle- and old-age.

43% of the UK population is over 50. By 2024 it will be 50%. People are living longer and healthier. A typical 60 year old possesses 40 years of work and adult life experience, and is still young and driven. Old age happens later. There’s so much we can do before we get there. With more than 50% of children born today expected to reach 100, let’s not shortchange ourselves and give up two-thirds of the way through. Let’s not live a life half-lived. Let’s keep pushing, creating, persevering, inventing, challenging.

So back to my hip. It might be just relief (and some traces of narcotics) talking, but it’s now day 2, and I’ve just done stairs.