Queen leads the way as new figures show more Brits working beyond retirement

-

Like the Queen, many in the UK stay in their roles beyond the state pension age.

Elizabeth II has last week become the longest reigning British monarch taking the ‘crown’ from her great, great grandmother, Queen Victoria.

Despite the historic occasion it was business as usual for the Queen on Wednesday as she visited Tweedbank in Scotland to formally open the £294m Scottish Borders Railway. At the age of 89, the Queen has clocked in 63 years and seven months or 23,226 days during her reign as the Queen, overseeing 11 Prime Ministers. She has visited 116 countries on official trips, covering 43,618 miles in her coronation tour alone. She has continued to carry out her official duties long past the state pension age of 65, when many in the UK have retired from work.

Latest figures from the Labour Force Survey show that 1.1 million of over 65s are currently in some form of work, accounting for just under four percent of the total British workforce.

“In the UK we are fortunate to be able to work past the state pension age if we decide to. Just like The Queen, many of us are choosing to remain in our roles past the state pension age.” says Peter Mooney, head of consultancy at business services supplier ELAS.

Get our essential weekday HR news and updates.

This field is for validation purposes and should be left unchanged.
Keep up with the latest in HR...
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

 

“Even at the turn of the 21st century there was less than half a million over 65s working in the UK. It is empowering to witness that this number has increased so significantly since the retirement age was abolished some five years ago.”

Age UK campaigned for the abolition of the default retirement age, which was announced in July 2010, and took effect from April 2011. Since then, the people working over the previous default retirement ages has increased by over a quarter (27 percent).

April 2011: 65+ workers: 894,628 (Labour Force Survey)

August 2015: 65+ workers: 1,140,240 (Labour Force Survey)

Those working in the UK can now choose their own retirement age past what the state advocates, which is currently 60 for women (which is set to rise to 63 in 2016). Some employers can enforce a compulsory retirement age, particularly those in more physical environments, such as the fire services and front line duty services.

Those that campaigned for the abolition of default retirement age hope that employers in the UK will realise the benefits and skills older workers can bring.

Peter says: “Employers should embrace the increase of over 65s choosing to continue work but also ensure that they respect and support employees in the appropriate manner. Age is a protective characteristic and as such discriminating against it can result in uncapped claims, which no business wants to be faced with.”

 

Latest news

Personalising the Benefits Experience: Why Employees Need More Than Just Information

This article explores how organisations can move beyond passive, one-size-fits-all communication to deliver relevant, timely, and simplified benefits experiences that reflect employee needs and life stages.

Grant Wyatt: When the love dies – when staying is riskier than quitting

When people fall out of love with their employer, or feel their employer has fallen out of love with them, what follows is rarely a clean exit.

£30bn pension savings window opens for employers ahead of 2029 reforms

UK employers could unlock billions in National Insurance savings by expanding pension salary sacrifice schemes before new limits take effect in 2029.

Expat jobs ‘fail early as costs hit $79,000 per worker’

International assignments are ending early due to family strain, isolation and poor preparation, as rising costs increase pressure on employers.
- Advertisement -

The Great Employer Divide: What the evidence shows about employers that back parents and carers — and those that don’t

Understand the growing divide between organisations that effectively support working parents and carers — and those that don’t. This session shows how to turn employee experience data into a clear business case, linking care-related pressures to performance, retention and workforce stability.

Scott Mills exit puts spotlight on risk of ‘news vacuum’ in high-profile dismissals

Sudden departure of a long-serving BBC presenter raises questions about how employers manage high-profile dismissals and limit speculation.

Must read

Stephen Smith: Winning a gold medal in the business continuity Olympics

With Olympics tickets allocated and successful applicants now certain...

Hiring for Values Fit

With an obvious skills gap in the labour market, it’s easy to focus on attracting the right talent as the key to successful recruitment. How can we shift from culture fit to values fit?
- Advertisement -

You might also likeRELATED
Recommended to you