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WANT TO KNOW WHERE YOU’LL RETIRE? HAVE A LOOK AT THE JOB YOU’RE DOING NOW AND IT WILL GIVE YOU A CLUE

• South Bucks is where the highest proportion of former senior management professionals reside • Stoke-on-Trent revealed as a hotspot for retired tradesmen • Kensington and Chelsea has a higher proportion of retired estate agents than anywhere else

The career choices you make could be reflected in which part of the country you live when you retire, according to new analysis 1 by Prudential. The analysis of 2011 ONS census data reveals which local authority districts in and Wales have the highest concentration of retirees from different occupations and industries.

Retirement destination according to former occupation

The district of South Bucks, squeezed between suburban north west London and the Chiltern Hills, has a higher concentration of retired senior management professionals than anywhere else in England and Wales, with nearly 14 per cent of all retirees having previously held a position of this level. The London of Kensington and Chelsea and the Cotswolds district (both 13 per cent) complete the top three.

The figures also reveal a higher proportion of retired tradesmen in Stoke-on-Trent than anywhere else. Famous for its pottery industry, over a quarter (27 per cent) of its retired population are former skilled manual workers. Meanwhile Plymouth, despite its famous seafaring tradition, has the highest concentration of retired customer services and sales professionals at 10 per cent.

The area with the highest proportion of people who are retired from jobs such as cleaners, helpers and labourers is Kingston upon Hull (27 per cent of all retirees).

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Retirement destination according to former employment industry

Prudential also analysed trends in retirement locations based on the industry an individual was formerly employed in. The results appear to show a trend for retirees to remain close to where they’ve worked. In the borough of Spelthorne, close to Heathrow airport, retirees are more likely to have worked in transport and storage than anywhere else in the country.

Perhaps unsurprisingly Cambridge and have the highest proportion of retirees who previously worked in education, while seven of the top 10 areas with the highest concentration of retired information and communications professionals are London .

Some of the results help to reinforce some widely held preconceptions of places in England and Wales – for example, you’re most likely to find a retired estate agent in Kensington and Chelsea, while Blackpool has the highest proportion of people who have retired from a life of working in the hotel, hospitality and catering business.

Stan Russell, retirement income expert at Prudential, said : “Our analysis appears to challenge the traditional image of retirees spending their golden years by the sea or in the countryside. The trend seems to be that many people are retiring close to where they have spent their working lives.

“Upping sticks and moving home when the time comes to give up work is an expensive business and for many retirees the costs may be just too prohibitive. Anyone approaching retirement or contemplating such a move would do well to speak to a professional financial adviser and agree how to turn their retirement plans into reality.

“Regardless of occupation and post-work plans, the fundamental of pension saving remains true – to secure the best retirement income possible it is important to save as much as possible as early as possible in your working life. And in the light of the new freedoms available to pension savers, everyone should make the most of the free guidance available from the Pension Wise service before making any important decisions about their pension.”

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Notes to editors

1 Prudential analysis of 2011 Census data. Please note the City of London and the Isle of Scilly have been excluded due to small population sizes.

Table one: Retirement destinations vs former occupation Former occupation Area with the highest concentration of retired workers formerly of this occupation Managers, directors and senior officials South Bucks Professional oc cupations Oxford Associate professional and technical occupations Kensington and Chelsea Administrative and secretarial occupations Bromley Skilled trades occupations Stoke-on-Trent Caring, leisure and other service occupations Forest Heath Sales and customer service occupations Plymouth Process, plant and machine operatives Ashfield Elementary occupations such as cleaners, Kingston upon Hull helpers and labourers Source: Prudential analysis of ONS Census data

Table two: Retirement destinations vs. former industry Industry Area with the hig hest concentration of retired workers formerly of this industry Agriculture, energy and water Bolsover Manufacturing Barrow-in-Furness Construction Hartlepool Wholesale and retail trade; repair of motor vehicles Boston Transport and storage Spelthorne Accommodation and food service activities Blackpool Information and communication Richmond upon Thames Financial and insurance activities Brentwood Real estate activities Kensington and Chelsea Professional, scientific and technical activities Administrative and support service activities Southwark Public admin and defence; compulsory social security Education Cambridge Human health and social work activities Source: Prudential analysis of ONS Census data

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