A survey by risk management and human capital firm Aon Consulting revealed that just 24% of respondents were aware of the increase to the minimum retirement age. The change will affect employers, as staff keep private pension plans running and employers have to keep up pension contributions and other benefits. A spokesman for Aon Consulting commented: "Employers must not only help their workforce understand the implications of retiring but also review and prepare for alterations to their own budgets. With an older workforce, benefits costs are going to rise and employers must be prepared."

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