Tags: retirement age

Reaction to the Chancellor increasing the state pension age

The state pension will rise by £2.95 a week from next April, leaving pensioners £800 a year better off from government measures since 2010, Osborne says. Pensioners will be offered the opportunity to make voluntary national insurance contributions to boost their retirement income. The new principle that people should spend one third of their adult…

Why older workers are business gold

Employers no longer need to retire older staff purely on the basis of their age. This is good news for businesses and employees. Here are three tips on how to make the most of skills developed over time: • Retain experienced staff, maximising productivity. • Use older staff to mentor and train up new recruits.…

Young workers hit by scrapped default retirement age

Report shows changing behaviour of employers in wake of the scrapped default retirement age According to a report set to be launched on 3rd October, scrapping the Default Retirement Age (DRA) in the UK could lead to a drying up of opportunities for younger workers. Nearly one in four employers (22%) confirmed that, with the…