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Career Path - Axa warns over GBP60m retirement claims threat.

Europe Intelligence Wire

| February 01, 2007 | COPYRIGHT 2007 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Post Magazine)

Byline: Tanya Powley.

UK employers could be sued up to GBP60m in backdated discrimination claims for forcing people to retire at 65, according to Axa.

Although employers who do so are acting within the law as it currently stands, a ruling awaited by the European Court of Justice could leave them facing expensive compensation claims in the future.

The National Council on Ageing has persuaded the High Court to ask the ECJ if the new UK Employment Equality (Age) Regulations 2006, effective from 1 October 2006, have been implemented properly.

The NCA's concern is that these regulations allow employers to retire staff at the age of 65 even if they wish to continue working for several more years. So, while the new law permits employees to appeal against forced retirement, it allows employers to retire them compulsorily without ...

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