Aviva welcomes plans to scrap compulsory retirement

| August 3, 2010 | 0 Comments

Government plans to scrap the default retirement age are “great news” for those approaching retirement, according to pensions provider Aviva.

Research by Aviva found nearly seven in ten (68%) of over-55s would like to continue working when they reach 65.

Last week the coalition government said from October 2011 employers will no longer be allowed to force employees into retirement at the age of 65.

The plans are currently under consultation, but are expected to get the go ahead.

Announcing the plans, pensions minister Steve Webb said: “Many older people want to work after age 65 and have a wealth of skills and experience that are not being used.

“We want to get rid of the default retirement age so that if they want to work they can do so.”

Darren Dicks, head of retirement at Aviva, said the government’s announcement is a positive decision for older workers.

He said: “The government’s plan to abolish the default retirement age from October 2011 is great news for the 68 per cent of over 55s who want to work past the current standard retirement age.

“And, it is even better news for the five per cent who believe that they will be forced to leave their current roles when they reach the official retirement age.”

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