The default age of retirement in the UK has been questioned amid claims that it could lead to a loss of talent on the workplace.
Research by The Age and Employment Network (TAEN) and the Employers Forum on Age has revealed that 64 per cent of HR managers are in agreement that making staff take retirement [...]

A campaign to scrap the compulsory retirement age received “strong cross-party support from the House of Lords”.
That is according to the Employers Forum on Age (EFA) campaign, which has confirmed that discrimination against older workers is both “outdated” and potentially harmful to the economy.
The EFA states that there are still “fears” about abolishing the current [...]

People leaving the country after the recession will lead to more jobs vacancies which need to be filled, according to a voluntary lobbying organisation. There has been a lot of immigration over the last three years which will reverse as people return to their own countries, the Local Government Association (LGA) says. In a recent [...]

A quarter of UK employers plan to make staff redundant over the next year, a study by a professional body shows.Research by the Chartered Institute of Personnel and Development (CIPD) reveals 26 per cent of firms have plans to make new or additional redundancies. The survey, in conjunction with management consultancy KPMG, found nearly a [...]

The value of pensions has fallen by a third in the last 12 months due to the current financial crisis, according to research by a consultancy firm. Since October last year, defined contribution pension schemes have lost £157 billion, a report by Aon Consulting says. In October 2007, these pensions had assets worth £552 billion [...]

The UK pensions industry has suffered a "significant" hit as a result of rising inflation, a spokesman for Aon Consulting has said.Marcus Hurd, the firm’s head of corporate solutions, said as it had been predicted that the retail price index (RPI) would only rise to about three per cent, the pension funds industry would probably [...]

Having a compulsory retirement age for UK workers stands in complete contradiction to the nation’s pension needs, it has been claimed.According to Age Concern, people are having to work longer because of pension deficits, yet employers can legally force them to retire at the age of 65.A female spokesperson for the charity said the government [...]

As people are living longer employers are facing greater pressures in terms of pensions and healthcare provision, a new report has revealed.According to the World Economic Forum (WEF), such pressures are likely to increase further in the future as life expectancies continue to rise.It points out that employers around the globe will be forced to [...]

The Trades Union Congress (TUC) has insisted that advice issued by an advocate general from the European court of justice on the issue of forced retirement is "disappointing" for employees.Campaigners from an arm of the charity Age Concern had launched a legal battle to scrap compulsory retirement at the age of 65, insisting it breaches [...]

An advocate general at the European court of justice has ruled against a challenge to the UK’s compulsory retirement age.Equality campaigners from Heyday – part of the charity Age Concern – had argued that forcing workers to retire at the age of 65 amounted to age discrimination and launched a legal battle to have the [...]