How much are umbrella company contractors saving for their retirement?
It’s not only small business owners who are going to have to keep on working past normal retirement age, according to the Pensions Policy Institute.
retirement age
Default retirement age expected to be scrapped
The coalition is considering scrapping the default retirement age as from October next year.
Umbrella companies could be hit with pension hike
Both the BCC and the CBI have hit out at the coalition’s proposal to abolish the default retirement age from April 2011. The BCC’s director of policy, Adam Marshall, says this will restrict the ability of businesses to manage their workforce.