Employers Forum on Age Responds to DWP 'Retirement Cliff' Research

9 April 2008

Rachel Krys, Director at EFA comments: "We are not surprised at the news from the DWP that a minority of people feel 'happy' on their first day of retirement. We know from our own research that people want more choice about how and when they retire and we are working with employers to increase this choice and extend flexibility for employees.

"Since October 2006 there has been a steady rise in the amount of employers who have openly committed to managing without the retirement age - most notably retailers, banks and government departments. The EFA is finding that many members are successful in turning it into a positive way of working, increasing flexibility and retaining valuable employees.

"The challenge that employers face in removing retirement age should not be underestimated. To do it successfully organisations need to review all employment policies, pension provision and performance management systems, plus engineer a cultural shift within the organisation.

"The EFA believes that rather than the review planned for 2011, the Government should tell employers now what they intend to do. This will give employers enough time to prepare and plan the necessary changes."

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For further information please contact:

The Employers Forum on Age
Rachel Krys: 207 785 6556 - rachel.krys@efa.org.uk

Or

Lansons Communications
Helen Thomson: 0207 294 3604 - helent@lansons.com
Nicola Hussey: 0207 566 9718 - nicolah@lansons.com


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