Flexibility is key to retirement - IoD

In a survey conducted by the NOP, a large portion of those questioned expect the average retirement age to go up over the coming twenty years, while only 20% feel the current retirement age will not change. Miles Templeman, director general of the IoD , urges for flexibility in the pension system. Adding: “We all know that demographic changes will radically affect our pensions position. Abolishing a compulsory retirement age could certainly help in easing the problem.” The IoD stresses equal importance to bumping up compulsory retirement age alongside a radical simplification of the en...