Retirement age removal 'could be a burden' for small firms

20/06/2011

Topic: Law and regulation

The government's plans to get rid of the existing default retirement age in the near future could prove to be quite burdensome for some of the country's smaller-scale employers, it has been suggested.

According to a Spokeswoman from the Federation of Small Businesses (FSB), amendments to the system of paternal pay and leave could also pose problems for some smaller employers in the UK in the months to come.

The commentator noted that a "moratorium for micro firms on all new domestic regulations for the next three years" has now been set up by the coalition.

However, she added that the retirement age removal and paternal leave rules do not appear to be covered by this new moratorium.

Because of the important role they play in the UK's economy, an FSB expert also recently suggested that it is essential small firms are given further encouragement to try and boost their employment levels.

Posted by Liam Tomlinson.ADNFCR-2185-ID-800584057-ADNFCR

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