retirement age

‘Turn this challenge into an opportunity’

‘Thousands’ affected

As part of changes to its income protection, Friends Life has announced a family carer benefit.

The ageing workforce is creating absence management issues for employers unaware of an exemption which can keep overall protection costs down, Group Risk Development (GRiD) has found.

UK firms are already starting to see a change in their workforce demographics, prompting fears that ageing workforce health issues will affect their company, Aviva's annual Health of the Workplace report has found.

Canada Life Group Insurance has highlighted the importance of age-appropriate benefits in the workplace.

Legal and General has reported half of group income protection queries have been about retirement age implications for benefits.

Abandoning the default retirement age was ‘crass and stupid' and has left a ‘huge potential timebomb for UK businesses', according to employment experts.

Employers could have powers to forcibly retire employees at 65, the Supreme Court has ruled, throwing into doubt the abolition of the default retirement age.

Employers are embracing the removal of the default retirement age (DRA) but the majority are unaware of the opt-out for group risk benefits.