Barclays is looking to introduce a flexible retirement policy as more of its staff seek to work beyond normal retirement age.
Stuart Stephen, pensions manager at the high street bank, spoke at the session entitled ‘Creating wealth for retirement – the employer’s role’ and said that as it became more of an issue for staff he wanted to give them more retirement choices.
Currently Barclays staff can retire at any point between the ages of 50 and 75.
Stephen added that the bank introduced the same pensions provision for non-married and same-sex partners to take into account increasing workforce diversity.
The increased importance of communication with regards to occupational pensions has led the company to look towards the future. He added: “We’d like to move towards e-enabled communication over the next five years as more of our employees get [internet] access.”