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Potential retirement law changes 'could help over 50s'



Workers aged over 50 may be helped by alterations to retirement laws which are currently being considered in the House of Lords.

At present, peers are looking into a change in employment rules under which the default retirement age may be discontinued.

Currently, people can be made to leave their roles at the age of 65 whether they want to or not and they do not receive redundancy pay in such cases.

The Equality and Human Rights Commission is lobbying for change over this.

Commenting on the issue, pensions analyst at Hargreaves Lansdown Laith Khalaf said: "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 went on to say that there will be some reform implemented by the government but what this means remains to be seen.
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