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Possible retirement law changes 'may help over 50s'

Possible retirement law changes 'may help over 50s'

People aged 50 and over who are seeking employment may be helped by changes to retirement laws currently being considered by the government.

At present, the House of Lords is pondering a change in the rules for UK workers under which the default retirement age may be discontinued.

This is something the Equality and Human Rights Commission is lobbying for.

Laith Khalaf, pensions analyst at Hargreaves Lansdown, remarked: "People do find it difficult at the moment ... and there is a case to suggest that prolonging working life will make it easier for those people to regain employment should they be laid off."

He added that there will be some reform implemented by the government but what that means remains to be seen.

For example, it may be complete abolition of the default retirement age or a pushing back of the current age from 65 to 70, Mr Khalaf pointed out.