"Olderpreneurs"

People are increasingly setting up their own businesses at an older age, according to new research.Recent research by Standard Life and YouGov highlighted that the trend for 'olderpreneurs' is set to become more prominent, with eight per cent of UK adults hoping to start their own firms in retirement.

The research also found that 85 per cent of the population do not envisage themselves giving up work completely post-retirement, with almost a third saying they want to continue work in the same sector, but on their own terms.It was also noted that people feel totally confident with their skills levels at the age of 37, while workers reach peak fulfilment at 50.

Commenting on the findings, John Lawson from Standard Life said: "Quite simply, people do not get old like they used to. The Baby Boomers started a trend for redefining what is effectively their 'third age' and these findings point to a continued trend for re-writing the rule book for younger generations."

A recent survey conducted by The Bright Idea Handbook, which is published by leading consumer interest group Which?, highlighted that that 15 per cent of people have credible business ideas, but just one in ten follow them through.

Gareth