There has been talk in the Technical Press recently about Employee retiring age. Unfortunately in many cases there is a disconnect between employees and employers when it comes to that retirement age. While employees may want to retire at or before the age of 65, many lack sufficient funds and are being forced to work into later life for financial reasons.Meanwhile, some employers do not realise the importance of supporting their ageing workforce in achieving their retirement ambitions; however, there are examples of positive success for those offering financial advice. For instance, one major hotel group had around 25% of its lowest-saving workforce increase their contributions, on average, by more than 100%. This was within a nine-month period after undertaking a targeted financial advice project.There is a high demand from employees for their employer to do more to help them achieve their retirement objectives. By providing financial advice now to valued staff members, it could save employers significant wage bills in the future.
