US - Companies are increasingly considering phased retirement programmes as they face an unprecedented talent shortage, according to Hewitt Associates.
While just one-in-five (21%) believed phased retirement was critical to their company's human resources strategy today, that number nearly tripled (61%) when employers looked ahead five years.
According to Hewitt, 47% of companies said they had some type of phased retirement arrangement available to their employees, but very few (5%) had actually formalised those programmes. Almost 40% expressed an interest in establishing a phased retirement program in the future.
Allen Steinberg, principal at Hewitt Associates, said both employers and their workers could benefit.
He said: "With the rising tide of boomer retirees, employers will be losing key talent at a time when attracting and retaining skilled workers will be more important than ever. At the same time, rising medical costs, lengthening life spans and the declining prevalence of traditional pension and retiree medical benefits mean that employees will either have to work longer, save more or live with significantly less than they are accustomed to.
"As these trends converge, we believe phased retirement programmes will continue to become more attractive options for both employers and employees - they provide employers with new ways to retain critical talent and, at the same time, help employees meet their needs."
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.