The British Chambers of Commerce (BCC) has called for a mandatory retirement age to be set at 65 but with concessions allowing the individual employers to stipulate the end point of the employer-employee relationship.
The BCC argues the retirement age should be the same age as that of the State Pension Age, ensuring that older workers do not miss out on state benefits. In a recent survey on retirement age - questioning 1,200 businesses across all sectors - the BCC found 36% of employers feel it ‘crucial' their business should retain the right to set a retirement age. BBC says effective workforce management, including a set retirement age, provides employers with flexibility to agree with employees on working beyond that age. British Chambers of Commerce director general, David Frost says: “Having ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
