A report by Canada Life based on latest ONS employment figures reveals that 23 million workers say they will have to work past state pension age. The figures also show that 47% of UK employees will be older than 70 before they retire, up from 37% in 2017. A series of economic factors are driving employees to work for longer with 90% saying that the rising cost of living is the main reason why they expect to work beyond 65 and 87% saying the same of poor returns on savings due to low interest rates. 35% believe that older workers will have to learn new skills or retrain to remain employed.
This update provides summary information and comment on the subject areas covered. Where employment tribunal and appellate court cases are reported, the information does not set out all of the facts, the legal arguments presented and help judgments made in every aspect of the case. Click on the links to access full details. If no link is provided, contact us for more information. Employment law is subject to constant change either by statute or by interpretation by the courts. While every care has been taken in compiling this information, SM&B cannot be held responsible for any errors or omissions. Specialist legal advice must be taken on any legal issues that may arise before embarking upon any formal course of action.
This provides summary information and comment on the subject areas covered. Where employment tribunal and appellate court cases are reported, the information does not set out all of the facts, the legal arguments presented and the judgments made in every aspect of the case. Employment law is subject to constant change either by statute or by interpretation by the courts. While every care has been taken in compiling this information, we cannot be held responsible for any errors or omissions. Specialist legal advice must be taken on any legal issues that may arise before embarking upon any formal course of action.