Quote Originally Posted by IUFG View Post
No such thing as retirement any more, age discrimination and all that. There is still 'pensionable age' etc as per current statute and with your pension providers.

A person now has to give notice of their intention to leave, as they would if they were going to a new company.

Your mate could ask of course, but if there is no redundancy situation, the company is highly unlikely to pay out.

Take the piss and it would likely to become a misconduct issue and disciplinary action could be taken. Follow this route and a dismissal with notice could take place but that is likely only to be the notice period (max 12 weeks). Gross misconduct could find them out of a job with fúck all notice.

there is nothing wrong with asking HR or their manager (without prejudice) for a settlement agreement.

From a company perspective...why pay someone to leave?
Hmmm - this sounds very depressing, I was banking on a year's salary when I finally decide to go.

I'm willing to bet that you could take the piss in a way that didn't lead to a misconduct charge but at the same time made them want to get rid of you. Plus, with banks moving more and more people to low cost centres I would think they would be pretty open to a 60+ person approaching them and saying I'm ready to leave for a redundancy package. It's one year' cost for many years savings.