Quarter 'expect to work into 70s'

Almost one in four people expect to work to the age of 70 or over and more than half admit they need to save more for retirement, according to a new report.

More adults do not expect to retire until they are in their 70s, according to a survey
More adults do not expect to retire until they are in their 70s, according to a survey

A survey of more than 2,000 adults by professional services company Towers Watson found that only a third expected to be better off in retirement than their parents.

Around 23% believed they would have to work into their 70s, a 10% increase from 2010.

John Ball, of Towers Watson, said: "Retirement security is becoming an increasingly important issue for most employees, especially among those approaching retirement."