Whilst there are huge benefits for employers in having long standing and experienced workers, for individuals, working longer should be a choice rather than a necessity.

Concern about the affordability of retirement is causing more people to consider working longer, but employers can help their staff to plan for retirement so increasing engagement and retention throughout their career and enabling more positive and smoother transitions at retirement.

Engaging the whole of the workforce with their pension and other workplace benefits from the outset, including linking this to a budgeting and savings plan for the short, medium and long term will not only create more engaged and financially secure staff, it will also help them to plan towards their retirement.

And it doesn't need to be complicated; practical help such as the use of budget modellers, pension saving modellers and financial education will help staff understand how to make the most of their pension and other benefits and show them how to take control of their finances and plan towards the retirement they want.