Employee benefits; the trouble with ageing...

clock

In advance of a change in the law, James Walker describes what the removal of the default retirement age could mean to businesses and their employee benefits

On 29 July 2010, the government issued a consultation document titled ‘Phasing out the default retirement age’. This document proposes that from 6 April 2011, you will not be able to issue any notifications for compulsory retirement using the Default Retirement Age (DRA) procedure. Between 6 April and 1 October, only employees who were notified before 6 April, and whose retirement date is before 1 October can be compulsorily retired. After 1 October 2011, you’ll not be able to use the DRA to compulsorily retire employees. If you wish to use retirement ages, you’ll have to be able to d...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Protection

PA360: 'The way we have talked about protection has moved on'

PA360: 'The way we have talked about protection has moved on'

Consumer Duty has increased interest from IFAs and wealth managers

Jenna Brown
clock 02 May 2025 • 4 min read
The return of redundancy cover – and why it's important

The return of redundancy cover – and why it's important

Standalone unemployment insurance is making a comeback

Kesh Thukaram
clock 02 April 2025 • 3 min read
PDG responds to FCA Pure Protection Market Study update

PDG responds to FCA Pure Protection Market Study update

Expanded terms of reference

Cameron Roberts
clock 31 March 2025 • 2 min read