Employees 'should know legal rights' for retirement

13 February 2008 / by None
Workers approaching retirement should be fully aware of their legal rights so as not to be pressured into quitting their job by an employer, an expert has said.

This comes in light of a survey by leading insurer AXA that has found ageism is still an existent problem in the workplace.

The study found that thousands of workers have experienced pressure by their employer to retire early despite age discrimination legislation that has been in place since 2006.

Steve Folkard, head of pensions and savings policy at AXA, commented: "Despite legislation making it unlawful to discriminate against workers on the grounds of age, our study clearly shows that some employees are still being coerced into early retirement; meaning employers could be leaving themselves dangerously exposed to litigation."

He added that employees should feel confident to exercise their legal rights if they feel it is necessary and employers should take the required steps to ensure they are not open to claims against them.

AXA UK operates in the UK and Ireland, and occupies markets in life insurance, health insurance and general insurance.

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