The government will today confirm the scrapping of the default retirement age (DRA) from April, meaning employers will no longer be able to dismiss staff when they turn 65.
The move has been welcomed by ministers and pensions experts who say it will boost pension savings Ditching the DRA was one of the coalition government's first post-election pledges, and the issue was under consulatation at the Department for Business, Innovation and Skills (BIS) last year. Employment relations minister Ed Davey says: "Older workers have a lot to offer in the workplace and it's time we got rid of this outdated form of age discrimination. We will do all we can to support businesses with the change." The change means employers will no longer be able to issue any noti...
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
