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IOD calls for retirement age to be raised PDF Print E-mail
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Latest Recruitment News - Mature Aged Recruitment News
Written by DirectNews Feed   
Tuesday, 02 February 2010 00:00
IOD calls for retirement age to be raisedBritons aged 50-plus could be able to keep working to the age of 68 after the Institute of Directors (IOD) suggested raising the default retirement age.

According to the body, many of today's workforce will be fully capable of doing their job after they reach the current threshold of 65.

This, it said, is because life expectancy has gone up and people's overall health has improved in recent years.

However, the IOD stated that this does not mean the default retirement age should be scrapped completely, as certain jobs cannot be adapted to suit older people.

As a result, it believes raising the threshold to 68 could be a good compromise, as it would allow people to work longer and give employers the flexibility they need to manage their workforce.

Miles Templeman, director general of the IOD, commented: "It's important that the UK's retirement system evolves in line with modern working practices."

Age Concern and Help the Aged have already welcomed indications from the government that the default retirement age could be scrapped.

Head of policy Andrew Harrop said millions of older people have to keep working as the recession has eroded their savings and pension pots.
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