IFA firm Origen is urging employers to act immediately to ensure age discrimination legislation does not become too great a financial burden.
From October 1st, the Employment Equality (Age) Regulations will outlaw age discrimination in employment and vocational training and will prohibit enforcement retirement ages below 65 unless it can be objectively justified. Despite this, only 7% of UK companies believe the new measures will have a negative impact on their business, according to Origen’s employee benefits survey. Bob Perkins, technical manager of Origen, believes the legislation will have a major impact on group income protection (IP) and group life cover. He states: “With group IP, the new rules allow for a cessation ...
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