Men and women retiring later

Workers are delaying their retirement and staying in paid employment for longer. Retirement figures show that both sexes are opting to give up work later. The average age that men and women choose to retire has risen over the years, according to figures revealed by the Office for National Statistics. Between 2004 and 2009 the average age at which men stopped working rose from 63.8 years to 64.5. During the same period the average retirement age of women increased from 61.2 to 62 years.

Compulsory retirement to be scrapped and state pension age to rise

The government has announced a further piece of legislation which will change the face of retirement in the UK. The Default Retirement Age (DRA) of 65 is to be scrapped from April 2011. As a result of the proposed legislation employers will no longer be able to dismiss an employee just because they turn 65. The Employment Relations Minister Edward Davey told the BBC it would still be possible for employers to force people to retire if they were no longer up to the job. "I think this [change] is really beneficial and should not be the problem some people suggest," he told the ...