Standard Life is scrapping the retirement age for its 8,000 workers ahead of new employment legislation aimed at outlawing age discrimination, reports the Scotsman .
Standard Life said from October its employees will no longer have to retire at a specific age and will be able to choose when they want to stop work. The normal retirement age for the Edinburgh-based firm is 60, but staff will receive letters today setting out the new arrangement. The paper quotes Josie Westley from Standard Life's staff association as saying: "We welcome the new legislation and have been working closely with the company to ensure it is successfully introduced." NEW STAR has moved to fill the gap created by the departure of one of its star managers, Alan Miller, by ...
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