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Increase in pension age raises challenges, says EFA 24 May 2006 The Government's White Paper on pensions is expected to present both challenges and opportunities to employers. Increasing the State Pension age to 68 and equalizing women's access to a full pension raises issues around:
"As the Government makes these changes we must consider the impact they will have on employers and employees. Given our ageing population, raising the pension age should come as no surprise. It does mean that flexible working practices, career breaks, part time working and job sharing can no longer be the preserve of the most enlightened employer - they have to become a reality for everyone in order to make working for longer palatable." "The proposals give women a fairer deal on pensions and this can only be a good thing for employers. For too long women's choices have been limited by poor pension provision, increasing their choice will mean more motivated and committed employees who are working for the right reasons." The EFA is working with leading UK employers on this agenda and is available to comment on:
ENDS For further information please contact Lizzie Barrett or Sarah Williams at CHA on 020 7622 8252 and out of office hours on 07801 812 624. Notes to Editors Back to the press office |
