Bosses reveal fears over ageing workforce

Only one in seven managers believe their companies are well-prepared to cope with an ageing workforce and many say boardroom recognition of the issue is "non-existent".

Almost half admitted they were not well-informed about their organisation's retirement policies despite the fact that a third of UK workers will be aged over 50 by 2020, a survey of 1,000 managers showed.

CMI director of policy and research Petra Wilton said: "If action isn't taken, employees who are in the 50-plus age bracket will feel undervalued and will have no incentive to carry on working beyond normal retirement age."