The cost of living and retirement
We are all aware that the cost of living crisis is having an impact on us all and has lead to many people taking up second jobs. Now, following the latest data published by the Office for National Statistics (ONS), we can see that the crisis is also a trigger for people coming out of […]
Managing your retirement
Employers are increasingly moving towards greater flexibility for those who are in the years leading up to retirement; whether it is to support those who wish to combine work with other activities, phase their retirement or simply work longer. Increased life expectancy, better health amongst older people and inadequate pension provision are encouraging more people […]
Age Discrimination: Ensuring Fairness and Inclusivity
According to Acas, age discrimination is one of the most common forms of unfair treatment in the workplace. Treating someone unfairly at work because of their age is against the law, apart from in some very limited circumstances. The common areas where age discrimination is most likely to occur are: recruitment, training, promotion, pay and […]
Don’t let age be a boundary in your workforce
As employers, we should be used to having no fixed retirement age. In most part, we have all broadened our minds to the fact that people are living longer and either wanting to or needing to work for longer. However, there are still situations where struggling small to medium enterprises are contemplating cost-cutting measures. Some […]
Voluntary Redundancy: Don’t Consider Age a Factor, Rules EAT
Taking age-related benefits into account during redundancy selections can be discrimination, the Employment Appeal Tribunal (EAT) has ruled. The case of Donkor v Royal Bank of Scotland concerned an employee who was not allowed to apply for voluntary redundancy on the grounds of his age. As the claimant was over 50 at the time […]
A fifth of UK workers expect to retire after 70
New research has revealed that over a fifth of UK employees expect to retire in their seventies and also have higher stress levels. Not only that, they are also less healthy and more stressed than employees who are hoping to retire sooner. 1,895 UK employees were interviewed for the Global Benefits Attitudes Survey, conducted […]
Employers Limited by Pension Compliance
A report has found that the rate of changes to pension compliance over the last five years has caused organisations to lose focus on their retirement objectives. “Fit for Retirement”, a report by Towers Watson, found that 56% of UK businesses believe they have to prioritise compliance above any other factor when managing pension […]
Employees Expecting to Work for Longer
[vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” width=”1/1″ tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][vc_column_text] Nearly two-thirds of employees expect to work beyond the age of 65, according to a survey by Canada Life Group Insurance. 61% of employees now expect to work past the traditional retirement age. This is lower than […]