Tag: retirement age

Number of pensioners in the workplace doubles

Number of pensioners in the workplace doubles

The number of people continuing to work after reaching retirement age has increased by 85 percent, from 753,000 in 1993 to 1.4 million in 2011, according to the Office for National Statistics (ONS). The ONS said this was due to a number of factors, including improved health and wellbeing for older people, with many of [...]

June 13, 2012 | 0 Comments More
Over-50s face 11-year retirement delay

Over-50s face 11-year retirement delay

People over the age of 50 will need to work for a further 11 years after they reach state pension age according to a new report. The Pensions Policy Institute claims that those who are unable to carry on working will struggle to maintain their standard of living. The report suggests that a single person [...]

April 25, 2012 | 0 Comments More
Spanish unemployment rate back above 20%

Spanish unemployment rate back above 20%

The national statistics institute INE today announced the unemployment rate in Spain is at the highest level since the second quarter of 1997. Spain, which has the highest unemployment rate in the EU, has been hit by a severe slump within its key construction industry, which has led to a significant amount of job losses. [...]

January 28, 2011 | 0 Comments More
Survey reveals default retirement age should be abolished

Survey reveals default retirement age should be abolished

According to a survey conducted by charity, Age UK, two-thirds of people support Government plans to scrap the default retirement age (DRA). The survey, which questioned more than 1,000 people, found 70% wanted to continue working beyond retirement. Currently, an employer has the legal right to terminate the employment of a 65-year-old - something which [...]

June 21, 2010 | 1 Comment More
France reveals overhaul to pensions system

France reveals overhaul to pensions system

The French Government has announced the country’s retirement age will be lifted from 60 to 62 by 2018, as part of a sweeping overhaul to its pension system. The new measures are to be implemented to cut France’s pension costs and reduce public borrowing. However, the shake-up has met with public anger after tens of [...]

June 16, 2010 | 0 Comments More
UK workforce in for pensions shock

UK workforce in for pensions shock

The majority of Britain’s workforce will not be able to retire before 70, a pensions expert has predicted. Robin Ellison, partner at Pinsent Masons, said the government will be forced to increase the retirement age at a faster pace than most people expect due to a growing population of older people. “This is just the [...]

June 1, 2010 | 0 Comments More
UK’s debt levels will result in tax and retirement age increases

UK’s debt levels will result in tax and retirement age increases

According to influential think tank, the National Institute of Economic and Social Research (NIESR), the UK’s out of control debt will result in tax hikes, cuts in spending and a rise in the retirement age. The NIESR believes that the build up of Government debt could reach 93% of GDP by 2015. UK debt is [...]

October 21, 2009 | 0 Comments More
Retirement age must increase to 75

Retirement age must increase to 75

Everyone in the pensions industry knows the retirement age must be increased to 75 if a pensions crisis is to be averted, an industry expert has claimed. Robin Ellison, pensions consultant at international law firm Pinsent Masons, said the retirement age needs to go up to match an increase in life expectancy. “When state pensions [...]

October 7, 2009 | 0 Comments More
Conservatives plan rapid rise in retirement age

Conservatives plan rapid rise in retirement age

If the Conservatives win the next election, they will raise the state pension age for men from 65 to 66 from 2016. Furthermore, the Conservatives have not ruled out an increase in the pension age for women towards 66. Under Conservative policy, the state retirement age for both men and women is set to be [...]

October 6, 2009 | 0 Comments More
Pensions expert predicts pension age to rise to 70

Pensions expert predicts pension age to rise to 70

As a result of growing life expectancy, a pensions guru is predicting that millions of men and women will have to stay in employment until they are 70. Lord Turner, who 2 years ago said the retirement age would rise to 68 by 2046, believes the state pension age will have to increase further. On [...]

July 31, 2008 | 0 Comments More