News of today's French protests over the raising of the retirement age draws interesting parallels with our pension strife here in the UK.
The coalition government plans to phase out the default retirement age (DRA) by October 2011, and increase the state pension age to 66 too. The result? A quintessentially British, take-it-on-the-chin-old-chap type reaction. Yes, employers have pointed out scrapping the DRA means they have less control over managing their workforce. Yes, people looking ahead to their retirement have complained about another year before they can draw their pension. But on the whole, it has been quite a reserved affair, and some groups like Age UK have even welcomed the move, saying it prevents age discrimi...
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
