Retirement age review 'can remove barriers'

The government's plans to review the default retirement age have been welcomed as a forward-thinking move that will offer flexibility to over 50s.

Pensions provider Standard Life has suggested that a readjustment of traditional views of retirement is long overdue because of the increasing health, wealth and aspirations of the baby boomer generation.

The firm expressed confidence that increasing the default retirement age will help many over 50s to remain active in the community for longer and allow ambitious older people to push ahead with plans to start or develop their own businesses.

John Lawson, head of pensions policy at Standard Life, said: "It is time to remove barriers to working into later life and support people in having the flexible active future they aspire to."

The government's proposal to bring forward its review of the retirement age came as part of a new strategy on state provision for over 50s, which also included increasing financial support for grandparents caring for children.

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