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Fujitsu UK and Ireland rolled out a flexible retirement policy in April, which enables employees over the age of 55 to reduce their working hours in the two years before their chosen retirement date with only a partial reduction in pay.

“This is really innovative and also an intelligent approach to phased succession planning. 

“While, on the face of it, this looks a very generous approach, I’m sure Fujitsu will also be a beneficiary of this strategy.”

Niall Ferguson, strategic alliances, Now: Pensions