From 1st October, having been phased out since April, the default retirement age of 65 has now been fully abolished.
The Employment Equality Regulations 2011 means it is no longer legal for employers to force employees to finish work at age 65. Employers can still force retirement; however it must be based on other factors, age on its own is not enough.
Despite the new legislation research from law firm Norton Rose shows that one in 10 firms will still offer financial incentives or ‘golden goodbyes’ for employees who leave their position at a certain age.
Paul Griffin, an employment lawyer with Norton ...