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NewsScrapping of default retirement age 'is a positive step'
Scrapping of default retirement age 'is a positive step'
Posted by Emily Jones
The scrapping of the default retirement age in the UK has been applauded by one firm.
In his emergency Budget earlier this week, chancellor George Osborne - who assumed his role following the general election that took place on May 6th - revealed the new administration will get rid of the legislation.
This means that as soon as the policy is put into practice, employers will no longer be able to force their staff members to give up their jobs against their will when they reach the age of 65.
Commenting on the stance of the Conservative/Liberal Democrat coalition, Standard Life said it will help people who wish to remain in their roles.
Senior pensions policy manager at the company Andrew Tully remarked: "This is a positive move by the government, as the traditional notions of retirement are long gone. People do not want to be told they should stop work at a certain age."
25/06/2010 16:09
News category: Employment