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Budget 2010: Scrapping compulsory retirement age
Responding to the Chancellor’s Budget announcement that the government is to look at scrapping the compulsory retirement age, Senior Partner of Barnett Waddingham, Adrian Waddingham, commented:
“Such a move has been expected, and if we are asking employees to share the dividend of improving longevity between work and retirement, a good and timely move. There is also a good chance that this will provide a new impetus for employers to provide good pension schemes, in as much as they will now have a good business case to ensure that their employees can afford to retire at a reasonable age.”
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