Despite the introduction of age discrimination laws in 2006, ageism in UK workplaces is still rife, according to new research.
Figures produced by AXA indicate that one in five employees who retire before the age of 65 claim to have experienced pressure from their employer to do so.
Commenting on the findings, Steve Folkard, head of pensions and savings policy at AXA, stated: "Employees coming up for retirement need to be aware of their legal rights and exercise these if necessary."
Also, employers should review their retirement policies to ensure they are not acting in a way that contravenes employment laws, he added.
According to the study, British companies could face a total bill for compensation claims of more than £45 million if employers are taken to tribunal for age-related grievances.
Recently, Kate Groucutt, senior policy officer for Carers UK, warned that the employment rights of carers in the UK are still a significant problem, with one in five such people forced to leave work due to a lack of flexibility and support.