Today the Governments confirms that it is abolishing the default retirement age of 65 effectively from April this year. This means that older workers have more control over their later years although many will still want to retire when their pension, if they are lucky enough to have one, becomes available. The Government seems to have ignored the pressure from employers and the CBI to delay their plans, largely due to the high costs involved of leaving things as they are. A key issue for all of us is that we can no longer afford to be economically inactive in our 60s when we have another 20-30 years more life in us.
In addition,this year the Government will be making progress on its plans to raise the state pensions age to 66 and the review of public sector pensions will also be published, as will a report on long term care.
2011 is hopefully going to be the year where real progress is made in tackling the very real challenges presented by an older population and hopefully will also present key opportunities for us all as we age.
About Me
- Judith Cork
- I am a business consultant with expertise in business ethics and the over fifties market (the "grey" areas!) I've called this blogspot "business in the buff" because transparency and fair treatment of stakeholders are key to engendering ethical behaviours in organisations.I believe that "everyday business ethics" produces better decisions and better outcomes. By developing business reputation you can build trust, by building relationship and opportunities with stakeholders you can boost value. My services include business ethics' audits,coaching, team debates,workshops and projects. I can listen and provide you with professional, practical and confident questioning with your business issues central to the exercise. My values are based on a strong belief that people come first, a firm commitment to customer focus and a personal affinity to business models which promote sustainable profitability. www.judithcork.co.uk